MoneyLion (NYSE:ML) Stock Price Up 4.7% – Here’s Why

MoneyLion Inc. (NYSE:ML)’s share price traded up 4.7% on Tuesday . The company traded as high as $85.42 and last traded at $85.40. 163,520 shares were traded during trading, a decline of 19% from the average session volume of 201,705 shares. The stock had previously closed at $81.58.

Analyst Ratings Changes

ML has been the topic of several recent research reports. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a research report on Friday, October 4th. Northland Securities lifted their target price on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $90.71.

MoneyLion Stock Down 5.0 %

The firm’s fifty day moving average is $46.69 and its 200-day moving average is $61.80. The stock has a market capitalization of $878.65 million, a PE ratio of 364.14 and a beta of 2.67.

Insiders Place Their Bets

In related news, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.00, for a total value of $26,240.00. Following the transaction, the chief accounting officer now owns 20,409 shares of the company’s stock, valued at approximately $1,632,720. This trade represents a 1.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total transaction of $431,550.00. Following the sale, the insider now directly owns 103,133 shares of the company’s stock, valued at $7,219,310. This trade represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,627 shares of company stock valued at $995,440. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after acquiring an additional 16,592 shares during the last quarter. Sei Investments Co. bought a new position in MoneyLion in the 1st quarter valued at about $1,070,000. Acadian Asset Management LLC lifted its holdings in shares of MoneyLion by 114.3% during the first quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after buying an additional 24,193 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the period. Finally, Marshall Wace LLP increased its position 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 period. 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.