MoneyLion Inc. (NYSE:ML) CFO Richard Correia Sells 3,502 Shares

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 3,502 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares in the company, valued at approximately $15,657,203.20. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40.
• 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 transaction of $630,963.34.
• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The stock was sold at an average price of $89.23, for a total transaction of $571,964.30.

MoneyLion Trading Down 0.2 %

Shares of NYSE:ML opened at $85.61 on Tuesday. The firm has a market capitalization of $950.36 million, a PE ratio of 389.14 and a beta of 3.06. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The business’s 50 day moving average is $86.61 and its 200-day moving average is $66.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ML. Alpine Global Management LLC acquired a new position in shares of MoneyLion in the 4th quarter valued at $2,177,000. Orion Capital Management LLC acquired a new position in MoneyLion in the fourth quarter worth about $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in MoneyLion in the fourth quarter worth about $1,055,000. Toronto Dominion Bank acquired a new stake in MoneyLion during the fourth quarter valued at approximately $4,303,000. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of MoneyLion by 96.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock valued at $11,018,000 after purchasing an additional 62,794 shares during the period. 31.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ML shares. 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. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Lake Street Capital reiterated a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MoneyLion has an average rating of “Buy” and an average price target 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.