MoneyLion Inc. (NYSE:ML – Get Free Report) CAO Mark Torossian sold 811 shares of MoneyLion stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $36,576.10. Following the completion of the sale, the chief accounting officer now directly owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mark Torossian also recently made the following trade(s):
- On Tuesday, June 11th, Mark Torossian sold 1,018 shares of MoneyLion stock. The stock was sold at an average price of $81.71, for a total value of $83,180.78.
MoneyLion Trading Down 4.6 %
NYSE:ML opened at $44.71 on Monday. The company has a market capitalization of $470.26 million, a P/E ratio of -15.42 and a beta of 2.74. MoneyLion Inc. has a 12 month low of $13.77 and a 12 month high of $106.82. The business’s 50-day moving average is $68.81 and its 200 day moving average is $68.87.
Institutional Trading of MoneyLion
A number of hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP lifted its holdings in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares during the period. Vanguard Group Inc. lifted its holdings in MoneyLion by 1.4% during the first 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 during the period. Driehaus Capital Management LLC lifted its holdings in MoneyLion by 77.1% during the second 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 period. Renaissance Technologies LLC lifted its holdings in MoneyLion by 64.2% during the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of MoneyLion during the 2nd quarter valued at $13,427,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on ML shares. Craig Hallum lifted their price objective on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. B. Riley reaffirmed a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. Finally, Needham & Company LLC cut their price target on MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $95.00.
View Our Latest Stock Analysis on ML
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.
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