Timmie Hong Sells 6,094 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. The trade was a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Timmie Hong also recently made the following trade(s):

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The shares were sold at an average price of $48.35, for a total transaction of $121,068.40.

MoneyLion Stock Up 0.8 %

Shares of NYSE:ML opened at $86.87 on Friday. The firm has a market cap of $964.34 million, a P/E ratio of 394.86 and a beta of 3.08. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The business has a fifty day simple moving average of $69.64 and a 200 day simple moving average of $62.62.

Analyst Ratings Changes

ML has been the topic of a number of research analyst reports. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Lake Street Capital reissued a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MoneyLion has a consensus rating of “Buy” and a consensus target price of $100.00.

Hedge Funds Weigh In On MoneyLion

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of MoneyLion in the 3rd quarter valued at $40,000. FMR LLC increased its position in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares during the period. Fiducient Advisors LLC bought a new position in MoneyLion during the second quarter worth $204,000. Finally, Commonwealth Equity Services LLC acquired a new position in MoneyLion in the second quarter valued at $227,000. 31.43% of the stock is currently owned by institutional investors.

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.