Richard Correia Sells 5,296 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 5,296 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $60.00, for a total transaction of $317,760.00. Following the completion of the sale, the chief financial officer now owns 213,891 shares in the company, valued at $12,833,460. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 15th, Richard Correia sold 13,138 shares of MoneyLion stock. The shares were sold at an average price of $45.10, for a total transaction of $592,523.80.

MoneyLion Trading Up 16.9 %

ML opened at $80.92 on Friday. The company has a market cap of $887.69 million, a P/E ratio of 1,156.00 and a beta of 2.67. MoneyLion Inc. has a 12 month low of $25.16 and a 12 month high of $106.82. The business’s 50-day moving average price is $44.29 and its 200-day moving average price is $61.50.

Institutional Trading of MoneyLion

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP grew its holdings in shares of 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 purchasing an additional 46,611 shares during the last quarter. Vanguard Group Inc. boosted its position in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after buying an additional 3,107 shares during the period. Driehaus Capital Management LLC grew its holdings in MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after acquiring an additional 96,433 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of MoneyLion during the second quarter worth about $13,427,000. Institutional investors own 31.43% of the company’s stock.

Wall Street Analyst Weigh In

ML has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Northland Securities raised their price objective on shares of MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday. Finally, Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $90.71.

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.