MoneyLion Inc. (NYSE:ML) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its position in MoneyLion Inc. (NYSE:ML) by 2,060.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,470 shares of the company’s stock after purchasing an additional 98,680 shares during the quarter. Bank of Montreal Can’s holdings in MoneyLion were worth $7,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in MoneyLion during the 1st quarter valued at approximately $70,000. Fiducient Advisors LLC purchased a new position in shares of MoneyLion during the 2nd quarter valued at approximately $204,000. Commonwealth Equity Services LLC acquired a new stake in shares of MoneyLion during the second quarter worth approximately $227,000. Private Ocean LLC bought a new stake in shares of MoneyLion in the second quarter worth $238,000. Finally, SG Americas Securities LLC acquired a new stake in MoneyLion in the first quarter valued at $236,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ML has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th. Needham & Company LLC cut their price objective on MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MoneyLion has a consensus rating of “Buy” and an average target price of $95.00.

Insider Activity at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 811 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10. Following the completion of the transaction, the chief accounting officer now directly owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Diwakar Choubey sold 17,647 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total value of $1,527,524.32. Following the completion of the sale, the chief executive officer now owns 736,513 shares of the company’s stock, valued at $63,752,565.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Torossian sold 811 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10. Following the completion of the transaction, the chief accounting officer now owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. The disclosure for this sale can be found here. Insiders have sold a total of 66,737 shares of company stock worth $4,028,078 in the last ninety days. 14.10% of the stock is owned by insiders.

MoneyLion Trading Up 2.8 %

Shares of MoneyLion stock opened at $41.54 on Tuesday. The stock has a market capitalization of $436.92 million, a price-to-earnings ratio of -14.32 and a beta of 2.70. MoneyLion Inc. has a twelve month low of $17.40 and a twelve month high of $106.82. The business’s 50 day simple moving average is $48.29 and its 200-day simple moving average is $66.67.

MoneyLion (NYSE:ML) last issued its earnings results 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. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. During the same period last year, the company earned ($0.42) earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts predict that MoneyLion Inc. will post 1.4 earnings per share for the current year.

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.