Insider Selling: MoneyLion Inc. (NYSE:ML) Director Sells 879 Shares of Stock

MoneyLion Inc. (NYSE:ML) Director Jeff Gary sold 879 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $85.85, for a total value of $75,462.15. Following the sale, the director now directly owns 11,817 shares of the company’s stock, valued at approximately $1,014,489.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MoneyLion Stock Performance

Shares of NYSE ML opened at $77.70 on Thursday. The firm has a fifty day simple moving average of $80.39 and a two-hundred day simple moving average of $65.08. MoneyLion Inc. has a 12 month low of $10.11 and a 12 month high of $106.82.

MoneyLion (NYSE:ML) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.89. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The company had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $116.32 million. During the same quarter in the previous year, the company earned ($1.29) earnings per share. MoneyLion’s quarterly revenue was up 29.1% on a year-over-year basis. As a group, analysts predict that MoneyLion Inc. will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of MoneyLion in the 4th quarter worth about $35,000. EntryPoint Capital LLC bought a new stake in MoneyLion during the first quarter worth about $70,000. Empowered Funds LLC grew its holdings in MoneyLion by 8.2% in the first 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. Quantbot Technologies LP grew its holdings 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 purchasing an additional 2,125 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of MoneyLion by 13.5% during the first quarter. GSA Capital Partners LLP now owns 18,223 shares of the company’s stock valued at $1,300,000 after purchasing an additional 2,165 shares in the last quarter. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the subject of a number of recent analyst reports. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Craig Hallum upped their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Lake Street Capital increased their target price on shares of MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Needham & Company LLC boosted their price target on MoneyLion from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $78.60.

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.