By otakuyassine3@gmail.com 
MoneyLion Inc. (NYSE:ML – Get Free Report) insider Timmie Hong sold 6,254 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $86.39, for a total value of $540,283.06. Following the completion of the transaction, the insider now owns 91,011 shares of the company’s stock, valued at $7,862,440.29. This represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Timmie Hong also recently made the following trade(s):
- On Monday, December 16th, Timmie Hong sold 6,094 shares of MoneyLion stock. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96.
MoneyLion Stock Up 0.7 %
ML traded up $0.63 during trading on Friday, hitting $86.79. The company’s stock had a trading volume of 195,089 shares, compared to its average volume of 172,299. The firm has a market capitalization of $963.46 million, a P/E ratio of 394.50 and a beta of 3.07. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The stock’s fifty day moving average price is $85.45 and its 200-day moving average price is $63.31.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on ML shares. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Finally, Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. 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 company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $100.00.
Check Out Our Latest Stock Report on MoneyLion
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP grew its stake in MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after acquiring an additional 46,611 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares in the last quarter. Renaissance Technologies LLC increased its stake in MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after purchasing an additional 83,700 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in MoneyLion during the second quarter worth $13,427,000. Finally, State Street Corp lifted its stake in shares of MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after buying an additional 5,108 shares in the last quarter. 31.43% of the stock is owned by institutional investors.
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.
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