SG Americas Securities LLC Cuts Stock Position in MoneyLion Inc. (NYSE:ML)

SG Americas Securities LLC reduced its position in MoneyLion Inc. (NYSE:ML) by 82.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,557 shares of the company’s stock after selling 16,349 shares during the quarter. SG Americas Securities LLC’s holdings in MoneyLion were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sei Investments Co. purchased a new position in MoneyLion in the first quarter valued at $1,070,000. Acadian Asset Management LLC boosted its stake in shares of MoneyLion by 114.3% in the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after buying an additional 24,193 shares during the period. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Marshall Wace LLP increased its stake in shares of 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. Finally, Bank of Montreal Can raised its holdings in MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after acquiring an additional 98,680 shares in the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ML shares. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Northland Securities started coverage on shares of MoneyLion in a research note on Wednesday, October 16th. They set an “outperform” rating and a $60.00 target price for the company. Oppenheimer started coverage on MoneyLion in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MoneyLion presently has an average rating of “Buy” and an average price target of $89.17.

MoneyLion Stock Up 0.4 %

ML opened at $45.48 on Friday. The business has a 50 day moving average price of $42.94 and a two-hundred day moving average price of $63.16. MoneyLion Inc. has a 52 week low of $17.87 and a 52 week high of $106.82. The company has a market cap of $478.36 million, a PE ratio of -15.68 and a beta of 2.69.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.27. The firm had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the company earned ($0.42) earnings per share. As a group, sell-side analysts expect that MoneyLion Inc. will post 1.33 EPS for the current fiscal year.

Insider Activity

In other MoneyLion news, Director John C. Chrystal acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $47.07 per share, with a total value of $235,350.00. Following the acquisition, the director now owns 44,967 shares of the company’s stock, valued at $2,116,596.69. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other MoneyLion news, Director John C. Chrystal bought 5,000 shares of MoneyLion stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $47.07 per share, with a total value of $235,350.00. Following the completion of the acquisition, the director now owns 44,967 shares in the company, valued at $2,116,596.69. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Torossian sold 811 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the transaction, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,059 shares of company stock valued at $1,988,757 over the last quarter. Corporate insiders own 14.10% of the company’s stock.

MoneyLion 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.