Insider Selling: MoneyLion Inc. (NYSE:ML) CFO Sells 6,982 Shares of Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 6,982 shares of MoneyLion stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.37, for a total transaction of $630,963.34. Following the transaction, the chief financial officer now directly owns 178,019 shares of the company’s stock, valued at $16,087,577.03. This represents a 3.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The shares were sold at an average price of $89.23, for a total transaction of $571,964.30.
• 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 transaction of $317,760.00.

MoneyLion Price Performance

Shares of NYSE:ML opened at $89.07 on Thursday. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The company has a 50 day moving average of $58.54 and a 200-day moving average of $62.67. The stock has a market cap of $988.68 million, a price-to-earnings ratio of 404.86 and a beta of 3.08.

Institutional Investors Weigh In On MoneyLion

Several institutional investors have recently modified their holdings of the business. Covestor Ltd boosted its stake in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the last quarter. Point72 DIFC Ltd bought a new position in MoneyLion during the 3rd quarter worth approximately $40,000. FMR LLC boosted its stake in MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the last quarter. Quest Partners LLC boosted its stake in MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after acquiring an additional 3,801 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in MoneyLion during the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

ML has been the subject of several analyst reports. Northland Securities lifted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Tuesday, November 26th. Six 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.com, the company presently 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.