Atom Investors LP Makes New $211,000 Investment in MoneyLion Inc. (NYSE:ML)

Atom Investors LP bought a new position in shares of MoneyLion Inc. (NYSE:ML) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,085 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently bought and sold shares of the business. Covestor Ltd raised its stake in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of MoneyLion by 2.6% in the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after buying an additional 257 shares during the period. FMR LLC increased its stake in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares during the period. GSA Capital Partners LLP increased its stake in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after buying an additional 1,360 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after buying an additional 1,742 shares during the period. Institutional investors and hedge funds own 31.43% of the company’s stock.

Insiders Place Their Bets

In other MoneyLion news, insider Timmie Hong sold 2,504 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares in the company, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Correia sold 6,982 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.37, for a total value of $630,963.34. Following the completion of the transaction, the chief financial officer now owns 178,019 shares in the company, valued at approximately $16,087,577.03. This represents a 3.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,872 shares of company stock worth $6,842,524. Corporate insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

Shares of ML stock opened at $89.07 on Thursday. The business’s 50 day simple moving average is $58.54 and its 200 day simple moving average is $62.67. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The stock has a market capitalization of $988.68 million, a PE ratio of 404.86 and a beta of 3.08.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Northland Securities upped their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Tuesday, November 26th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Oppenheimer upgraded 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. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $97.86.

MoneyLion 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.