MoneyLion Inc. (NYSE:ML) CFO Richard Correia sells 13,138 shares

MoneyLion Inc. (NYSE:ML – Get Your Free Report ) CFO Richard Correia sold 13,138 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 $592,523.80. Following the completion of the sale, the chief financial officer now directly owns 219,187 shares in the company, valued at approximately $9,885,333.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.

Richard Correia also recently made the following transactions:

• On Wednesday, June 12th Richard Correia sold 28,675 shares of MoneyLion stock. The shares were sold at an average price of $90.40, for a total value of $2,592,220.00.

MoneyLion stock down 4.6%

Shares of ML stock opened at $44.71 on Friday. MoneyLion Inc. it has a fifty-two week low of $13.77 and a fifty-two week high of $106.82. The company has a fifty day moving average of $68.81 and a two hundred day moving average of $68.56. The firm has a market cap of $470.26 million, a PE ratio of -15.42 and a beta of 2.74.

MoneyLion (NYSE:ML – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.27. The company had revenue of $130.90 million during the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The company’s revenue increased by 22.9% year-on-year. In the same period last year, the firm posted ($0.42) earnings per share. As a group, equities research analysts anticipate that MoneyLion Inc. will post 1.45 earnings per share for the current year.

The Wall Street analyst weighs in

A number of research firms have recently commented on ML. B. Riley reaffirmed a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a research note on Tuesday, June 25th. Needham & Company LLC cut their price target on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Craig Hallum boosted their price target on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a buy rating. MoneyLion presently has an average rating of “Buy” and a consensus price target of $95.00, based on data from MarketBeat.

Check out the latest stock analysis on ML

Institutional investors are weighing on MoneyLion

Several institutional investors have recently bought and sold shares of ML. Marshall Wace LLP boosted its position in MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after buying an additional 46,611 shares during the period. Vanguard Group Inc. raised its stake 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 purchasing an additional 3,107 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after buying an additional 96,433 shares during the period. Renaissance Technologies LLC grew its position in 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 acquiring an additional 83,700 shares in the last quarter . Finally, Divisadero Street Capital Management LP acquired a new position in MoneyLion in the second quarter worth about $13,427,000. 31.43% of the shares are currently held by hedge funds and other institutional investors.

MoneyLion Company Profile

(Get a free report)

MoneyLion Inc, a financial technology company, provides personalized products and financial content for US consumers. The company’s platform provides customers with access to banking, lending and investment solutions. Its main products include RoarMoney, a digitally insured sight deposit account; Instacash, a cash advance product that gives customers early access to recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that provides access to separately managed accounts invested based on model portfolios of exchange-traded funds; Roundups, which offer features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.

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