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

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,254 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $86.39, for a total value of $540,283.06. Following the sale, the insider now owns 91,011 shares of the company’s stock, valued at approximately $7,862,440.29. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Price Performance

Shares of NYSE ML opened at $86.79 on Friday. The company has a 50-day moving average price of $85.57 and a 200-day moving average price of $63.35. The stock has a market capitalization of $963.37 million, a P/E ratio of 394.50 and a beta of 3.07. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock 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 note on Thursday, October 3rd. Finally, Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $100.00.

Hedge Funds Weigh In On MoneyLion

Several large investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares during the last quarter. FMR LLC grew its holdings in MoneyLion by 154.6% during 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. Point72 DIFC Ltd bought a new stake in MoneyLion during the third quarter worth $40,000. GSA Capital Partners LLP lifted its stake in MoneyLion by 10.4% during the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after acquiring an additional 1,360 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in MoneyLion by 46.0% during the 4th quarter. SG Americas Securities LLC now owns 5,192 shares of the company’s stock worth $447,000 after acquiring an additional 1,635 shares during the last quarter. Institutional investors own 31.43% of the company’s stock.

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.