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 the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now owns 86,015 shares in the company, valued at $7,469,542.60. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $48.35, for a total transaction of $121,068.40.

MoneyLion Stock Performance

Shares of ML opened at $86.87 on Friday. The firm has a market capitalization of $964.34 million, a P/E ratio of 394.86 and a beta of 3.08. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The stock has a 50 day moving average price of $69.64 and a two-hundred day moving average price of $62.62.

Wall Street Analyst Weigh In

A number of research firms have commented on ML. Northland Securities raised their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th. Lake Street Capital reissued a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. 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 MarketBeat, the company currently has an average rating of “Buy” and an average price target of $100.00.

Institutional Investors Weigh In On MoneyLion

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd grew its position in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion in the third quarter valued at approximately $40,000. FMR LLC increased its position in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the last quarter. Quest Partners LLC lifted its holdings in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after acquiring an additional 3,801 shares during the period. Finally, Fiducient Advisors LLC purchased a new position in MoneyLion in the second quarter worth $204,000. Institutional investors own 31.43% of the company’s stock.

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.