MoneyLion Inc. (NYSE:ML) CAO Mark Torossian Sells 328 Shares

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 328 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,409 shares in the company, valued at $1,632,720. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Mark Torossian also recently made the following trade(s):

• On Thursday, August 15th, Mark Torossian sold 811 shares of MoneyLion stock. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10.

MoneyLion Trading Up 16.9 %

NYSE ML opened at $80.92 on Friday. The company’s 50-day moving average price is $44.29 and its 200-day moving average price is $61.50. The stock has a market cap of $887.69 million, a PE ratio of 1,156.00 and a beta of 2.67. MoneyLion Inc. has a 12 month low of $25.16 and a 12 month high of $106.82.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities boosted their target price on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MoneyLion currently has a consensus rating of “Buy” and an average target price of $90.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ML. Quantbot Technologies LP lifted its stake in MoneyLion by 69.9% in the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after acquiring an additional 2,125 shares during the period. Empowered Funds LLC grew its stake in shares of MoneyLion by 8.2% during the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after purchasing an additional 1,050 shares during the period. SG Americas Securities LLC acquired a new stake in MoneyLion in the 1st quarter valued at $236,000. Sei Investments Co. acquired a new stake in MoneyLion in the 1st quarter valued at $1,070,000. Finally, Russell Investments Group Ltd. acquired a new stake in MoneyLion in the 1st quarter valued at $3,110,000. 31.43% of the stock is currently owned by institutional investors.

About MoneyLion

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.