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

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 279 shares of the stock in a transaction dated 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 owns 19,656 shares in the company, valued at $1,685,698.56. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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 Price Performance

Shares of NYSE ML opened at $86.00 on Wednesday. The company has a 50 day simple moving average of $86.60 and a 200 day simple moving average of $67.00. The firm has a market cap of $954.69 million, a PE ratio of 390.91 and a beta of 3.06. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82.

Analyst Ratings Changes

ML has been the topic of a number of analyst reports. 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 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 on the stock in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $100.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in MoneyLion by 238.8% in the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock valued at $2,653,000 after buying an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. bought a new position in MoneyLion in the 3rd quarter valued at approximately $574,000. Geode Capital Management LLC raised its holdings in MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after buying an additional 9,106 shares during the last quarter. Barclays PLC raised its holdings in MoneyLion by 52.1% in the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after buying an additional 4,735 shares during the last quarter. Finally, Centiva Capital LP bought a new position in MoneyLion in the 3rd quarter valued at approximately $249,000. Institutional investors own 31.43% of the company’s stock.

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.