MoneyLion Inc. (NYSE:ML) CFO Sells $592,523.80 in Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 13,138 shares of MoneyLion stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $592,523.80. Following the completion of the transaction, the chief financial officer now owns 219,187 shares of the company’s stock, valued at $9,885,333.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Richard Correia also recently made the following trade(s):

• On Wednesday, June 12th, Richard Correia sold 28,675 shares of MoneyLion stock. The shares were sold at an average price of $90.40, for a total value of $2,592,220.00.

MoneyLion Stock Down 4.6 %

ML stock opened at $44.71 on Monday. The business has a 50 day moving average price of $68.81 and a 200 day moving average price of $68.87. The stock has a market cap of $470.26 million, a price-to-earnings ratio of -15.42 and a beta of 2.74. MoneyLion Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $106.82.

MoneyLion (NYSE:ML) last issued its quarterly earnings data 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 business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.42) EPS. As a group, sell-side analysts anticipate that MoneyLion Inc. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On MoneyLion

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in MoneyLion in the fourth quarter valued at approximately $35,000. EntryPoint Capital LLC purchased a new stake in MoneyLion in the 1st quarter valued at $70,000. Fiducient Advisors LLC acquired a new stake in MoneyLion during the 2nd quarter worth $204,000. Commonwealth Equity Services LLC purchased a new position in MoneyLion during the 2nd quarter worth $227,000. Finally, SG Americas Securities LLC acquired a new position in MoneyLion in the first quarter valued at $236,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ML shares. B. Riley restated a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th. Craig Hallum increased their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Needham & Company LLC decreased their price objective on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $95.00.

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.