Richard Correia Sells 11,490 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 11,490 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the completion of the transaction, the chief financial officer now directly owns 166,529 shares of the company’s stock, valued at $14,531,320.54. The trade was a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The shares were 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 shares were sold at an average price of $89.23, for a total transaction of $571,964.30.

MoneyLion Trading Down 0.4 %

ML opened at $85.82 on Friday. The firm has a market capitalization of $952.64 million, a PE ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The firm has a 50 day moving average of $86.62 and a two-hundred day moving average of $66.16.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ML. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities raised 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. Needham & Company LLC reissued a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $100.00.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MMCAP International Inc. SPC acquired a new stake in shares of MoneyLion during the 4th quarter worth approximately $41,435,000. Vanguard Group Inc. grew its stake in shares of MoneyLion by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 387,269 shares of the company’s stock worth $33,309,000 after purchasing an additional 10,191 shares during the period. Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 47,300 shares during the period. Marshall Wace LLP grew its stake in shares of MoneyLion by 54.0% during the 4th quarter. Marshall Wace LLP now owns 259,461 shares of the company’s stock worth $22,316,000 after purchasing an additional 90,929 shares during the period. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of MoneyLion during the 4th quarter worth approximately $21,933,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

About MoneyLion

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.