Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells $540,283.06 in Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,254 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the transaction, the insider now owns 91,011 shares in the company, valued at $7,862,440.29. The trade was a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 Stock Up 0.7 %

NYSE:ML opened at $86.79 on Monday. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The stock’s fifty day simple moving average is $85.57 and its 200-day simple moving average is $63.26. The firm has a market capitalization of $963.37 million, a P/E ratio of 394.50 and a beta of 3.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of MoneyLion in the 2nd quarter valued at approximately $1,776,000. Commonwealth Equity Services LLC bought a new stake in MoneyLion during the 2nd quarter worth about $227,000. Rhumbline Advisers increased its position in shares of MoneyLion by 4,346.9% in the second quarter. Rhumbline Advisers now owns 10,895 shares of the company’s stock valued at $801,000 after acquiring an additional 10,650 shares during the last quarter. American Century Companies Inc. boosted its position in MoneyLion by 26.8% during the second quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock valued at $721,000 after purchasing an additional 2,076 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of MoneyLion by 119.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 40,106 shares of the company’s stock worth $2,949,000 after purchasing an additional 21,839 shares during the last quarter. Institutional investors own 31.43% of the company’s stock.

Wall Street Analyst Weigh In

ML has been the subject of a number of research analyst reports. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Oppenheimer upgraded 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, November 7th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Lake Street Capital restated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Needham & Company LLC reiterated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, MoneyLion currently has an average rating of “Buy” and a consensus price target of $100.00.

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.