Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 6,094 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of MoneyLion stock in a transaction on Monday, December 16th. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96. Following the completion of the transaction, the insider now directly owns 86,015 shares in the company, valued at $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The stock was sold at an average price of $48.35, for a total value of $121,068.40.

MoneyLion Stock Down 0.1 %

Shares of NYSE:ML traded down $0.11 during midday trading on Wednesday, reaching $86.14. The company’s stock had a trading volume of 343,320 shares, compared to its average volume of 214,907. The firm has a market capitalization of $956.24 million, a PE ratio of 391.55 and a beta of 3.08. The stock has a fifty day moving average of $67.84 and a 200 day moving average of $62.28. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Covestor Ltd increased its holdings 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. Point72 DIFC Ltd purchased a new position in MoneyLion in the third quarter valued at $40,000. FMR LLC raised its position in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the period. Fiducient Advisors LLC purchased a new stake in shares of MoneyLion during the 2nd quarter worth about $204,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of MoneyLion during the 2nd quarter valued at about $227,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ML has been the subject of a number of research analyst reports. Northland Securities increased their price target on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC restated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. 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 note on Thursday, November 7th. Finally, Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Two equities research 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 company. According to data from MarketBeat, MoneyLion presently has an average rating of “Buy” and a consensus price target 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.