MoneyLion Inc. (NYSE:ML) CAO Mark Torossian Sells 1,136 Shares

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,136 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the completion of the transaction, the chief accounting officer now owns 17,476 shares in the company, valued at approximately $1,524,955.76. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mark Torossian also recently made the following trade(s):

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The stock was sold at an average price of $85.90, for a total transaction of $102,908.20.

MoneyLion Stock Performance

ML opened at $86.24 on Friday. The company has a market cap of $957.29 million, a price-to-earnings ratio of 392.01 and a beta of 3.06. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The business’s fifty day moving average is $86.65 and its two-hundred day moving average is $65.98.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ML shares. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target 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 stock an “outperform” rating in a report 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 report on Wednesday, December 11th. Finally, Lake Street Capital restated a “hold” rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $100.00.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently made changes to their positions in ML. MMCAP International Inc. SPC acquired a new position in shares of MoneyLion during the 4th quarter valued at about $41,435,000. Vanguard Group Inc. increased its position in MoneyLion by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 387,269 shares of the company’s stock worth $33,309,000 after purchasing an additional 10,191 shares during the last quarter. Renaissance Technologies LLC raised its stake in MoneyLion by 20.7% during the fourth quarter. Renaissance Technologies LLC now owns 276,061 shares of the company’s stock worth $23,744,000 after purchasing an additional 47,300 shares during the period. Marshall Wace LLP boosted its holdings in shares of MoneyLion by 54.0% in the 4th quarter. Marshall Wace LLP now owns 259,461 shares of the company’s stock valued at $22,316,000 after purchasing an additional 90,929 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of MoneyLion during the 4th quarter valued at $21,933,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.