Yakira Capital Management Inc. Invests $1.51 Million in MoneyLion Inc. (NYSE:ML)

Yakira Capital Management Inc. bought a new stake in MoneyLion Inc. (NYSE:ML) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,496 shares of the company’s stock, valued at approximately $1,505,000. Yakira Capital Management Inc. owned about 0.16% of MoneyLion at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ML. MMCAP International Inc. SPC bought a new stake in MoneyLion during the fourth quarter valued at about $41,435,000. JPMorgan Chase & Co. lifted its position in shares of MoneyLion by 830.7% during the 4th quarter. JPMorgan Chase & Co. now owns 59,761 shares of the company’s stock worth $5,140,000 after purchasing an additional 53,340 shares during the last quarter. Trexquant Investment LP boosted its stake in MoneyLion by 127.2% during the 4th quarter. Trexquant Investment LP now owns 74,579 shares of the company’s stock valued at $6,415,000 after purchasing an additional 41,751 shares during the period. Nordea Investment Management AB grew 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. Finally, Mint Tower Capital Management B.V. bought a new position in MoneyLion in the 4th quarter worth approximately $1,217,000. Institutional investors own 31.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ML shares. Needham & Company LLC reissued a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Lake Street Capital reissued a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $92.83.

Insider Activity

In related news, insider Timmie Hong sold 6,254 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the transaction, the insider now owns 91,011 shares in the company, valued at $7,862,440.29. This trade represents a 6.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Torossian sold 1,136 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the completion of the sale, the chief accounting officer now owns 17,476 shares in the company, valued at $1,524,955.76. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,309 shares of company stock worth $4,716,335. 11.90% of the stock is currently owned by corporate insiders.

MoneyLion Trading Down 1.1 %

Shares of NYSE ML opened at $85.59 on Friday. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The business has a fifty day simple moving average of $86.96 and a 200 day simple moving average of $75.31. The firm has a market capitalization of $968.88 million, a price-to-earnings ratio of 389.05 and a beta of 2.94.

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.