MoneyLion Inc. (NYSE:ML) Insider Timmie Hong Sells 6,254 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,254 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $86.39, for a total value of $540,283.06. Following the sale, the insider now directly owns 91,011 shares of the company’s stock, valued at $7,862,440.29. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 value of $529,202.96.

MoneyLion Trading Up 0.7 %

MoneyLion stock opened at $86.79 on Friday. The firm has a 50 day simple moving average of $85.57 and a 200 day simple moving average of $63.35. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The firm has a market capitalization of $963.37 million, a price-to-earnings ratio of 394.50 and a beta of 3.07.

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently made changes to their positions in ML. Covestor Ltd boosted its stake 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 during the period. Point72 DIFC Ltd bought a new position in shares of MoneyLion in the third quarter valued at approximately $40,000. FMR LLC boosted its position in shares of MoneyLion by 154.6% in 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 period. Quest Partners LLC grew its stake in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in MoneyLion during the 3rd quarter worth approximately $208,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ML has been the topic of a number of research analyst reports. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $100.00.

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.