Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells $102,908.20 in Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $85.90, for a total transaction of $102,908.20. Following the completion of the transaction, the chief accounting officer now owns 16,278 shares of the company’s stock, valued at $1,398,280.20. This trade represents a 6.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Price Performance

Shares of ML opened at $85.82 on Friday. The firm’s 50 day simple moving average is $86.62 and its 200 day simple moving average is $66.28. The company has a market capitalization of $952.56 million, a P/E ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Analyst Ratings Changes

A number of equities analysts have recently commented on ML shares. Oppenheimer upgraded shares of 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. Lake Street Capital restated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC restated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MoneyLion presently has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB raised its stake in shares of MoneyLion by 238.8% during the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after acquiring an additional 21,681 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MoneyLion during the third quarter worth approximately $574,000. Geode Capital Management LLC raised its stake in shares of MoneyLion by 5.8% during the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after acquiring an additional 9,106 shares in the last quarter. Barclays PLC raised its stake in shares of MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after acquiring an additional 4,735 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of MoneyLion during the third quarter worth approximately $249,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

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.