Timmie Hong Sells 2,334 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 2,334 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the sale, the insider now owns 105,857 shares of the company’s stock, valued at $4,481,985.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 15th, Timmie Hong sold 5,139 shares of MoneyLion stock. The shares were sold at an average price of $45.10, for a total transaction of $231,768.90.
• On Tuesday, July 16th, Timmie Hong sold 7,535 shares of MoneyLion stock. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65.

MoneyLion Trading Up 1.8 %

Shares of NYSE:ML opened at $42.52 on Wednesday. The company has a market cap of $447.23 million, a price-to-earnings ratio of -14.66 and a beta of 2.70. The company has a 50-day moving average price of $54.10 and a 200-day moving average price of $67.96. MoneyLion Inc. has a 12 month low of $17.40 and a 12 month high of $106.82.

MoneyLion (NYSE:ML) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same period in the prior year, the firm earned ($0.42) earnings per share. MoneyLion’s revenue was up 22.9% on a year-over-year basis. As a group, research analysts forecast that MoneyLion Inc. will post 1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ML. B. Riley restated a “buy” rating and set a $133.00 price target on shares of MoneyLion in a research report on Tuesday, June 25th. Needham & Company LLC lowered their price objective on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MoneyLion has an average rating of “Buy” and a consensus target price of $95.00.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares in the last quarter. Vanguard Group Inc. raised its stake in MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares in the last quarter. Driehaus Capital Management LLC raised its stake in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares in the last quarter. Renaissance Technologies LLC raised its stake in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in MoneyLion in the second quarter worth about $13,427,000. 31.43% of the stock is 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.