MoneyLion Inc. (NYSE:ML) Insider Timmie Hong Sells 6,094 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the sale, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Timmie Hong also recently made the following trade(s):

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The shares were sold at an average price of $48.35, for a total transaction of $121,068.40.

MoneyLion Stock Performance

NYSE ML opened at $86.14 on Thursday. The firm has a market capitalization of $956.24 million, a P/E ratio of 391.55 and a beta of 3.08. The stock has a 50-day simple moving average of $68.73 and a two-hundred day simple moving average of $62.45. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Lake Street Capital reissued a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, 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. 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, the company currently has a consensus rating of “Buy” and an average price target of $100.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its position in MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after buying an additional 4,735 shares during the period. Geode Capital Management LLC boosted its stake in shares of MoneyLion by 5.8% during the 3rd 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. State Street Corp grew its position in shares of MoneyLion by 3.1% during the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after acquiring an additional 5,108 shares during the period. Point72 DIFC Ltd purchased a new position in shares of MoneyLion in the 3rd quarter valued at about $40,000. Finally, Point72 Asset Management L.P. acquired a new position in MoneyLion in the 3rd quarter worth about $574,000. 31.43% of the stock is currently 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.