MoneyLion Inc. (NYSE:ML) Insider Timmie Hong Sells 1,365 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 1,365 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares in the company, valued at $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Timmie Hong also recently made the following trade(s):

• On Thursday, January 16th, Timmie Hong sold 6,254 shares of MoneyLion stock. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06.
• On Monday, December 16th, Timmie Hong sold 6,094 shares of MoneyLion stock. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96.

MoneyLion Stock Performance

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in MoneyLion during the third quarter valued at approximately $894,000. GSA Capital Partners LLP boosted its holdings in MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after buying an additional 1,360 shares in the last quarter. Empowered Funds LLC grew its position in MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock worth $1,464,000 after buying an additional 1,742 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after buying an additional 3,801 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ML. 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. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities boosted their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Lake Street Capital reissued 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.