MoneyLion (NYSE:ML) Stock Price Down 6.5% – Should You Sell?

MoneyLion Inc. (NYSE:ML)’s share price was down 6.5% on Monday . The stock traded as low as $80.01 and last traded at $80.91. Approximately 57,242 shares changed hands during trading, a decline of 72% from the average daily volume of 201,137 shares. The stock had previously closed at $86.53.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ML. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Tuesday, November 26th. Northland Securities lifted their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald upgraded 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 note on Wednesday, October 16th. Finally, Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $97.86.

MoneyLion Trading Down 8.2 %

The firm has a market cap of $881.90 million, a P/E ratio of 357.27 and a beta of 3.07. The business has a 50-day moving average price of $61.35 and a 200-day moving average price of $62.75.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The trade was a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $70.00, for a total value of $431,550.00. Following the sale, the insider now directly owns 103,133 shares of the company’s stock, valued at $7,219,310. This trade represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,872 shares of company stock valued at $6,842,524. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after acquiring an additional 16,592 shares during the period. Vanguard Group Inc. raised its holdings in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares in the last quarter. Marshall Wace LLP increased its holdings 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 buying an additional 46,611 shares during the last quarter. Bank of Montreal Can raised its stake in MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in MoneyLion during the 2nd quarter worth approximately $1,579,000. Institutional investors and hedge funds 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.