Mark Torossian Sells 279 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 279 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $23,927.04. Following the completion of the sale, the chief accounting officer now directly owns 19,656 shares of the company’s stock, valued at approximately $1,685,698.56. The trade was a 1.40 % decrease in their position. 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 Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The stock was sold at an average price of $85.90, for a total value of $102,908.20.
• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total value of $99,127.36.

MoneyLion Trading Up 0.6 %

Shares of NYSE ML opened at $86.00 on Wednesday. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The firm has a market capitalization of $954.69 million, a price-to-earnings ratio of 390.91 and a beta of 3.06. The business has a 50-day moving average of $86.60 and a 200-day moving average of $67.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd grew its holdings in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in MoneyLion in the fourth quarter worth approximately $29,000. Point72 DIFC Ltd purchased a new stake in MoneyLion in the third quarter worth approximately $40,000. FMR LLC boosted its stake in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in MoneyLion in the fourth quarter worth approximately $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ML. 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 note on Wednesday, December 11th. Oppenheimer raised 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 Securities lifted their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $100.00.

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.