XTX Topco Ltd Invests $321,000 in MoneyLion Inc. (NYSE:ML)

XTX Topco Ltd bought a new stake in MoneyLion Inc. (NYSE:ML) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,364 shares of the company’s stock, valued at approximately $321,000.

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

MoneyLion Price Performance

NYSE ML opened at $39.14 on Friday. The stock’s 50 day simple moving average is $49.36 and its 200 day simple moving average is $67.02. MoneyLion Inc. has a one year low of $17.40 and a one year high of $106.82. The firm has a market cap of $429.37 million, a PE ratio of -13.50 and a beta of 2.70.

MoneyLion (NYSE:ML) last announced its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company had revenue of $130.90 million during the quarter, compared to analyst estimates of $127.03 million. During the same period last year, the company posted ($0.42) earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that MoneyLion Inc. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ML. Needham & Company LLC cut their target price on MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley reissued a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $95.00.

Insider Buying and Selling at MoneyLion

In other news, CEO Diwakar Choubey sold 20,133 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $907,998.30. Following the transaction, the chief executive officer now directly owns 716,380 shares in the company, valued at $32,308,738. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $907,998.30. Following the completion of the sale, the chief executive officer now owns 716,380 shares in the company, valued at $32,308,738. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Mark Torossian sold 811 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $36,576.10. Following the transaction, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,737 shares of company stock worth $4,028,078. 14.10% of the stock is currently owned by corporate insiders.

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.