MoneyLion Inc. (NYSE:ML) CAO Sells $26,240.00 in Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 328 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $80.00, for a total transaction of $26,240.00. Following the transaction, the chief accounting officer now directly owns 20,409 shares of the company’s stock, valued at approximately $1,632,720. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Mark Torossian also recently made the following trade(s):

• On Thursday, August 15th, Mark Torossian sold 811 shares of MoneyLion stock. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10.

MoneyLion Trading Up 16.9 %

ML opened at $80.92 on Monday. MoneyLion Inc. has a 1 year low of $25.16 and a 1 year high of $106.82. The stock has a market cap of $887.69 million, a PE ratio of 367.82 and a beta of 2.67. The stock’s 50 day simple moving average is $44.29 and its 200-day simple moving average is $61.44.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ML shares. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Securities lifted their target price on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research note on Friday, October 4th. Finally, Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MoneyLion presently has a consensus rating of “Buy” and a consensus price target of $90.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ML. Marshall Wace LLP increased its stake in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MoneyLion by 1.4% during the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares during the period. Driehaus Capital Management LLC lifted its position in MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after acquiring an additional 96,433 shares in the last quarter. Renaissance Technologies LLC boosted its stake in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after purchasing an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP bought a new position in MoneyLion during the 2nd quarter worth about $13,427,000. 31.43% of the stock is currently 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.