Marshall Wace LLP Purchases 46,611 Shares of MoneyLion Inc. (NYSE:ML)

Marshall Wace LLP raised its holdings in shares of MoneyLion Inc. (NYSE:ML) by 24.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,352 shares of the company’s stock after acquiring an additional 46,611 shares during the quarter. Marshall Wace LLP owned approximately 2.29% of MoneyLion worth $17,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after acquiring an additional 3,107 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after purchasing an additional 83,700 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of MoneyLion during the 2nd quarter worth approximately $13,427,000. Bank of Montreal Can boosted its holdings in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new position in shares of MoneyLion in the first quarter valued at $3,742,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MoneyLion

In other news, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares of the company’s stock, valued at $4,481,985.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief accounting officer now directly 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 valued at $4,028,078 in the last three months. 14.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on ML shares. B. Riley reiterated a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a research note on Tuesday, June 25th. Needham & Company LLC dropped their target price on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MoneyLion currently has a consensus rating of “Buy” and a consensus price target of $95.00.

MoneyLion Trading Up 3.1 %

ML opened at $40.35 on Friday. The stock’s fifty day simple moving average is $48.84 and its 200 day simple moving average is $66.85. MoneyLion Inc. has a 1-year low of $17.40 and a 1-year high of $106.82. The stock has a market cap of $424.40 million, a PE ratio of -13.91 and a beta of 2.70.

MoneyLion (NYSE:ML) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.27. The company had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.42) earnings per share. Equities analysts forecast that MoneyLion Inc. will post 1.4 earnings per share for the current year.

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.