MoneyLion Inc. (NYSE:ML) Director Sells $2,155,500.00 in Stock

MoneyLion Inc. (NYSE:ML) Director Chris Sugden sold 25,000 shares of MoneyLion stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $86.22, for a total value of $2,155,500.00. Following the transaction, the director now owns 1,062,505 shares of the company’s stock, valued at $91,609,181.10. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MoneyLion Stock Performance

Shares of ML stock traded up $11.01 during trading on Tuesday, hitting $88.02. The company had a trading volume of 1,657,853 shares, compared to its average volume of 208,022. The firm has a market capitalization of $977.11 million, a P/E ratio of 397.73 and a beta of 3.08. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The stock’s 50-day moving average price is $62.06 and its 200 day moving average price is $62.72.

Analyst Upgrades and Downgrades

A number of research firms have commented on ML. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, November 7th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Tuesday, November 26th. Finally, Northland Securities increased their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $97.86.

Institutional Trading of MoneyLion

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP boosted its holdings in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $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 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares during the last quarter. Renaissance Technologies LLC boosted its stake in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in MoneyLion in the second quarter valued at about $13,427,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.