Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells $99,127.36 in Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,136 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 17,476 shares of the company’s stock, valued at $1,524,955.76. The trade was a 6.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

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

MoneyLion Trading Down 0.4 %

NYSE:ML opened at $85.82 on Friday. The stock has a market capitalization of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. The firm has a fifty day simple moving average of $86.62 and a two-hundred day simple moving average of $66.28. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82.

Institutional Investors Weigh In On MoneyLion

A number of large investors have recently bought and sold shares of ML. Covestor Ltd grew its holdings in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of MoneyLion in the third quarter valued at $894,000. GSA Capital Partners LLP lifted its stake in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after buying an additional 1,360 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after buying an additional 1,742 shares in the last quarter. Finally, Quest Partners LLC lifted its stake 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ML. Lake Street Capital reiterated a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities increased their price objective 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. Needham & Company LLC reiterated a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MoneyLion has a consensus rating of “Buy” and a consensus target price of $100.00.

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.