MoneyLion Inc. (NYSE:ML) CAO Mark Torossian Sells 279 Shares of Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 279 shares of MoneyLion stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $23,927.04. Following the sale, the chief accounting officer now directly owns 19,656 shares in the company, valued at $1,685,698.56. This trade represents a 1.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.
• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Stock Performance

NYSE ML opened at $85.61 on Tuesday. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The company has a 50-day simple moving average of $86.61 and a 200-day simple moving average of $66.71. The firm has a market capitalization of $950.36 million, a PE ratio of 389.14 and a beta of 3.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Lake Street Capital reissued a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, MoneyLion currently has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. MMCAP International Inc. SPC acquired a new position in MoneyLion during the 4th quarter valued at about $41,435,000. Cooper Creek Partners Management LLC acquired a new position in MoneyLion during the 4th quarter valued at about $21,933,000. Tudor Investment Corp ET AL boosted its stake in MoneyLion by 1,825.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock valued at $12,472,000 after purchasing an additional 137,473 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in MoneyLion during the 4th quarter valued at about $9,828,000. Finally, Nuveen Asset Management LLC boosted its stake in MoneyLion by 138.7% during the 4th quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock valued at $15,016,000 after purchasing an additional 101,455 shares during the period. 31.43% of the stock is owned by institutional investors and hedge funds.

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.