Hood River Capital Management LLC Reduces Stake in MoneyLion Inc. (NYSE:ML)

Hood River Capital Management LLC cut its holdings in shares of MoneyLion Inc. (NYSE:ML) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,737 shares of the company’s stock after selling 724 shares during the period. Hood River Capital Management LLC owned 0.49% of MoneyLion worth $3,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in MoneyLion in the first quarter worth about $70,000. Fiducient Advisors LLC purchased a new position in shares of MoneyLion in the 2nd quarter valued at approximately $204,000. Commonwealth Equity Services LLC bought a new stake in shares of MoneyLion during the second quarter valued at approximately $227,000. SG Americas Securities LLC purchased a new stake in MoneyLion in the first quarter worth $236,000. Finally, Private Ocean LLC purchased a new stake in MoneyLion in the second quarter worth $238,000. Institutional investors own 31.43% of the company’s stock.

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 2,334 shares of MoneyLion 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 completion of the sale, the insider now directly owns 105,857 shares in the company, valued at approximately $4,481,985.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Mark Torossian sold 811 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $36,576.10. Following the transaction, 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 accessible through this link. Also, insider Timmie Hong sold 2,334 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $4,481,985.38. The disclosure for this sale can be found here. Insiders sold 66,737 shares of company stock worth $4,028,078 over the last quarter. 14.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on ML shares. B. Riley restated a “buy” rating and set a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC lowered their price target on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $95.00.

MoneyLion Price Performance

Shares of NYSE:ML opened at $44.51 on Tuesday. The business has a fifty day moving average price of $51.55 and a 200-day moving average price of $67.63. The company has a market capitalization of $468.16 million, a PE ratio of -15.35 and a beta of 2.70. MoneyLion Inc. has a 1-year low of $17.40 and a 1-year high of $106.82.

MoneyLion (NYSE:ML) last issued its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (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 business had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. During the same period in the previous year, the company earned ($0.42) earnings per share. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, sell-side analysts anticipate that MoneyLion Inc. will post 1.4 earnings per share for the current fiscal year.

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.