Dark Forest Capital Management LP Makes New $202,000 Investment in MoneyLion Inc. (NYSE:ML)

Dark Forest Capital Management LP bought a new position in shares of MoneyLion Inc. (NYSE:ML) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,345 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of MoneyLion during the fourth quarter valued at approximately $29,000. New York State Teachers Retirement System purchased a new position in MoneyLion during the fourth quarter valued at $67,000. KLP Kapitalforvaltning AS bought a new stake in MoneyLion in the fourth quarter worth $86,000. PFG Investments LLC purchased a new stake in shares of MoneyLion in the fourth quarter worth $215,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of MoneyLion during the fourth quarter valued at $222,000. Institutional investors own 31.43% of the company’s stock.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $85.90 on Wednesday. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The company’s 50 day moving average is $86.49 and its 200 day moving average is $81.01. The company has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and cut their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Insider Buying and Selling at MoneyLion

In related news, insider Timmie Hong sold 1,365 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the completion of the transaction, the insider now owns 85,306 shares in the company, valued at $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,055 shares of company stock worth $4,176,052. Insiders own 11.90% of the company’s stock.

MoneyLion Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.