Richard Correia Sells 6,410 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 6,410 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $89.23, for a total value of $571,964.30. Following the completion of the transaction, the chief financial officer now directly owns 185,001 shares in the company, valued at $16,507,639.23. The trade was a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value of $630,963.34.
• On Thursday, November 7th, Richard Correia sold 5,296 shares of MoneyLion stock. The shares were sold at an average price of $60.00, for a total value of $317,760.00.

MoneyLion Stock Performance

Shares of ML traded down $4.81 during trading hours on Monday, reaching $86.89. The stock had a trading volume of 247,059 shares, compared to its average volume of 202,288. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a market capitalization of $964.57 million, a PE ratio of 397.45 and a beta of 2.67. The company’s 50-day moving average is $56.82 and its two-hundred day moving average is $62.52.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of MoneyLion by 63.6% in the 3rd 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 position in shares of MoneyLion in the 3rd quarter valued at $40,000. FMR LLC lifted its stake in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the last quarter. Fiducient Advisors LLC bought a new position in shares of MoneyLion in the 2nd quarter valued at $204,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of MoneyLion in the 2nd quarter valued at $227,000. 31.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ML shares. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of MoneyLion in a research report on Tuesday, November 26th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Securities increased their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $97.86.

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.