Divisadero Street Capital Management LP Acquires Shares of 182,587 MoneyLion Inc. (NYSE:ML)

Divisadero Street Capital Management LP bought a new position in shares of MoneyLion Inc. (NYSE:ML) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 182,587 shares of the company’s stock, valued at approximately $13,427,000. MoneyLion accounts for about 2.0% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 12th biggest position. Divisadero Street Capital Management LP owned 1.74% of MoneyLion as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ML. ClariVest Asset Management LLC raised its position in shares of MoneyLion by 2.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after buying an additional 257 shares in the last quarter. EntryPoint Capital LLC acquired a new position in MoneyLion during the first quarter valued at approximately $70,000. Empowered Funds LLC lifted its stake in MoneyLion by 8.2% during the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after purchasing an additional 1,050 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of MoneyLion by 26.8% in the 2nd quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock valued at $721,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of MoneyLion by 69.9% in the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after purchasing an additional 2,125 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction dated Thursday, August 15th. The stock was 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 of the company’s stock, valued at approximately $32,308,738. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of the firm’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 completion of the transaction, the chief executive officer now owns 716,380 shares in the company, valued at approximately $32,308,738. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timmie Hong sold 7,535 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65. Following the completion of the sale, the insider now directly owns 115,697 shares in the company, valued at $9,717,391.03. The disclosure for this sale can be found here. Insiders sold 66,737 shares of company stock worth $4,028,078 over the last three months. Company insiders own 14.10% of the company’s stock.

MoneyLion Trading Up 5.2 %

NYSE:ML opened at $43.17 on Friday. The stock’s 50-day moving average is $53.51 and its 200-day moving average is $67.78. 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 $454.06 million, a P/E ratio of -14.89 and a beta of 2.70.

MoneyLion (NYSE:ML) last posted its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm 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 for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.42) EPS. As a group, equities analysts forecast that MoneyLion Inc. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

ML has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a research report 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 for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat, MoneyLion presently has a consensus rating of “Buy” and a consensus target price of $95.00.

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.