MoneyLion Inc. (NYSE:ML) CFO Sells $300,331.52 in Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 3,502 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares in the company, valued at approximately $15,657,203.20. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Richard Correia also recently made the following trade(s):

• On Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40.
• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The stock was sold at an average price of $90.37, for a total transaction of $630,963.34.
• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The stock was sold at an average price of $89.23, for a total value of $571,964.30.

MoneyLion Stock Down 0.2 %

Shares of ML opened at $85.61 on Tuesday. The stock’s fifty day simple moving average is $86.61 and its 200-day simple moving average is $66.71. The firm has a market capitalization of $950.36 million, a PE ratio of 389.14 and a beta of 3.06. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. MMCAP International Inc. SPC acquired a new stake in shares of MoneyLion during the 4th quarter worth approximately $41,435,000. Vanguard Group Inc. boosted its stake in MoneyLion by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 387,269 shares of the company’s stock valued at $33,309,000 after acquiring an additional 10,191 shares during the last quarter. Renaissance Technologies LLC grew its holdings in MoneyLion by 20.7% during the 4th quarter. Renaissance Technologies LLC now owns 276,061 shares of the company’s stock worth $23,744,000 after acquiring an additional 47,300 shares during the period. Marshall Wace LLP raised its position in shares of MoneyLion by 54.0% during the 4th quarter. Marshall Wace LLP now owns 259,461 shares of the company’s stock valued at $22,316,000 after acquiring an additional 90,929 shares during the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of MoneyLion in the 4th quarter valued at $21,933,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ML. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Lake Street Capital restated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities upped their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MoneyLion presently has a consensus rating of “Buy” and a consensus price target of $100.00.

MoneyLion Company 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.