Fiducient Advisors LLC Buys New Position in MoneyLion Inc. (NYSE:ML)

Fiducient Advisors LLC bought a new stake in shares of MoneyLion Inc. (NYSE:ML) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,779 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares in the last quarter. Hood River Capital Management LLC bought a new stake in MoneyLion during the first quarter valued at about $3,742,000. Acadian Asset Management LLC increased its position in MoneyLion by 114.3% in the first quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after buying an additional 24,193 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of MoneyLion in the first quarter worth about $3,110,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of MoneyLion during the 2nd quarter valued at about $1,776,000. 31.43% of the stock is currently owned by institutional investors.

MoneyLion Price Performance

ML stock opened at $40.55 on Friday. The company has a market capitalization of $426.50 million, a price-to-earnings ratio of -13.98 and a beta of 2.70. MoneyLion Inc. has a 1-year low of $17.40 and a 1-year high of $106.82. The business has a 50 day simple moving average of $58.51 and a two-hundred day simple moving average of $68.25.

MoneyLion (NYSE:ML) last issued its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm had revenue of $130.90 million during the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. MoneyLion’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.42) earnings per share. Sell-side analysts anticipate that MoneyLion Inc. will post 1.4 EPS for the current fiscal year.

Insider Activity

In related news, CAO Mark Torossian sold 1,018 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $81.71, for a total value of $83,180.78. Following the sale, the chief accounting officer now directly owns 22,206 shares in the company, valued at $1,814,452.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Mark Torossian sold 1,018 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $81.71, for a total value of $83,180.78. Following the sale, the chief accounting officer now owns 22,206 shares in the company, valued at $1,814,452.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Correia sold 28,675 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the transaction, the chief financial officer now owns 232,325 shares of the company’s stock, valued at approximately $21,002,180. The disclosure for this sale can be found here. Insiders sold a total of 125,150 shares of company stock worth $9,175,290 over the last 90 days. Corporate insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ML shares. Needham & Company LLC reduced their target price on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. B. Riley restated a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $95.00.

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.