Quest Partners LLC Acquires 3,801 Shares of MoneyLion Inc. (NYSE:ML)

Quest Partners LLC raised its holdings in shares of MoneyLion Inc. (NYSE:ML) by 3,016.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,927 shares of the company’s stock after purchasing an additional 3,801 shares during the period. Quest Partners LLC’s holdings in MoneyLion were worth $163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its stake in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the period. Fiducient Advisors LLC purchased a new stake in shares of MoneyLion in the second quarter worth $204,000. Commonwealth Equity Services LLC bought a new position in MoneyLion in the 2nd quarter worth about $227,000. Private Ocean LLC bought a new stake in MoneyLion during the 2nd quarter valued at about $238,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of MoneyLion during the second quarter valued at approximately $241,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insider Activity

In other MoneyLion news, insider Adam Vanwagner sold 6,165 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the completion of the transaction, the insider now owns 103,133 shares in the company, valued at $7,219,310. This trade represents a 5.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $80.11, for a total value of $1,612,854.63. Following the completion of the sale, the chief executive officer now directly owns 690,825 shares in the company, valued at approximately $55,341,990.75. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,680 shares of company stock worth $4,120,514 over the last quarter. Insiders own 11.90% of the company’s stock.

MoneyLion Trading Down 0.1 %

NYSE ML opened at $86.56 on Friday. MoneyLion Inc. has a 12 month low of $36.26 and a 12 month high of $106.82. The stock has a market cap of $960.90 million, a PE ratio of 393.45 and a beta of 2.67. The stock’s 50 day moving average is $54.99 and its 200 day moving average is $62.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ML shares. Northland Securities increased their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Tuesday. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $97.86.

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.