Dark Forest Capital Management LP Takes Position in MoneyLion Inc. (NYSE:ML)

Dark Forest Capital Management LP acquired a new stake in shares of MoneyLion Inc. (NYSE:ML) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,449 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors also recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new position in MoneyLion in the first quarter worth $70,000. Fiducient Advisors LLC purchased a new position in MoneyLion in the second quarter worth $204,000. Commonwealth Equity Services LLC purchased a new position in MoneyLion in the second quarter worth $227,000. SG Americas Securities LLC purchased a new position in MoneyLion in the first quarter worth $236,000. Finally, Private Ocean LLC purchased a new position in MoneyLion in the second quarter worth $238,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 811 shares of the 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 $36,576.10. Following the sale, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Diwakar Choubey sold 17,647 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Torossian sold 811 shares of the stock in a transaction on 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 in the company, valued at $964,914.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,737 shares of company stock worth $4,028,078. 14.10% of the stock is currently owned by insiders.

MoneyLion Price Performance

MoneyLion stock opened at $40.39 on Monday. The firm has a 50 day simple moving average of $48.84 and a 200-day simple moving average of $66.82. 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 $424.82 million, a price-to-earnings ratio of -13.93 and a beta of 2.70.

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

Analyst Upgrades and Downgrades

ML has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC dropped their price objective 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $95.00.

MoneyLion 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.