Richard Correia Sells 11,490 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the transaction, the chief financial officer now directly owns 166,529 shares in the company, valued at approximately $14,531,320.54. This represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 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 value of $571,964.30.

MoneyLion Price Performance

Shares of NYSE:ML traded down $0.06 during trading on Thursday, hitting $86.24. 319,848 shares of the company were exchanged, compared to its average volume of 156,498. The company has a market cap of $957.29 million, a PE ratio of 392.01 and a beta of 3.06. The stock has a 50 day moving average of $86.65 and a 200 day moving average of $65.84. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.

Institutional Investors Weigh In On MoneyLion

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its position in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of MoneyLion in the fourth quarter worth $29,000. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion in the third quarter worth $40,000. FMR LLC raised its position in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of MoneyLion in the fourth quarter worth $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the topic of several research analyst reports. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, November 7th. 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. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Lake Street Capital restated a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $100.00.

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.