Timmie Hong Sells 2,334 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the sale, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Timmie Hong also recently made the following trade(s):

• On Thursday, August 15th, Timmie Hong sold 5,139 shares of MoneyLion stock. The stock was sold at an average price of $45.10, for a total transaction of $231,768.90.
• On Tuesday, July 16th, Timmie Hong sold 7,535 shares of MoneyLion stock. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65.

MoneyLion Stock Down 3.6 %

Shares of NYSE ML opened at $40.97 on Thursday. The company has a market capitalization of $430.92 million, a PE ratio of -14.13 and a beta of 2.70. MoneyLion Inc. has a twelve month low of $17.40 and a twelve month high of $106.82. The firm has a fifty day simple moving average of $53.51 and a 200 day simple moving average of $67.78.

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

Hedge Funds Weigh In On MoneyLion

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ML. Needham & Company LLC reduced their price objective on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. B. Riley reiterated a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a research report on Tuesday, June 25th. Five equities 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 an average target price of $95.00.

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.