Quadrature Capital Ltd Acquires New Stake in MoneyLion Inc. (NYSE:ML)

Quadrature Capital Ltd bought a new stake in shares of MoneyLion Inc. (NYSE:ML) in the first quarter, Holdings Channel reports. The firm bought 14,135 shares of the company’s stock, valued at approximately $1,011,000.

Several other institutional investors also recently bought and sold shares of ML. EntryPoint Capital LLC purchased a new stake in MoneyLion during the 1st quarter worth about $70,000. Acadian Asset Management LLC grew its holdings in MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after acquiring an additional 24,193 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of MoneyLion during the 1st quarter worth $3,110,000. Finally, Sei Investments Co. purchased a new stake in shares of MoneyLion during the 1st quarter worth $1,070,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other MoneyLion news, CFO Richard Correia sold 28,675 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 232,325 shares in the company, valued at approximately $21,002,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MoneyLion news, insider Timmie Hong sold 7,437 shares of MoneyLion stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $88.01, for a total value of $654,530.37. Following the sale, the insider now owns 119,482 shares of the company’s stock, valued at approximately $10,515,610.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Correia sold 28,675 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $90.40, for a total value of $2,592,220.00. Following the transaction, the chief financial officer now directly owns 232,325 shares of the company’s stock, valued at $21,002,180. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,185 shares of company stock valued at $8,336,133. Company insiders own 14.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ML. B. Riley restated a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a research note on Tuesday, June 25th. Lake Street Capital boosted their target price on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Craig Hallum increased their price target on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Monday, June 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $101.00.

MoneyLion Stock Down 0.3 %

NYSE:ML traded down $0.18 during trading hours on Friday, reaching $70.23. 133,161 shares of the company’s stock were exchanged, compared to its average volume of 317,756. MoneyLion Inc. has a 1-year low of $11.60 and a 1-year high of $106.82. The company has a 50-day moving average of $80.05 and a 200 day moving average of $68.58.

MoneyLion (NYSE:ML) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. The firm had revenue of $121.00 million for the quarter, compared to analyst estimates of $116.32 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The business’s revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the company posted ($1.29) earnings per share. Sell-side analysts predict that MoneyLion Inc. will post 1.45 EPS for the current year.

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.