Squarepoint Ops LLC Has $3.33 Million Stake in MoneyLion Inc. (NYSE:ML)

Squarepoint Ops LLC boosted its stake in shares of MoneyLion Inc. (NYSE:ML) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,293 shares of the company’s stock after buying an additional 5,656 shares during the quarter. Squarepoint Ops LLC owned approximately 0.43% of MoneyLion worth $3,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marshall Wace LLP raised its position in shares of MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after acquiring an additional 46,611 shares during the last quarter. Vanguard Group Inc. raised its holdings in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 purchasing an additional 83,700 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of MoneyLion in the 2nd quarter valued at $13,427,000. Finally, Bank of Montreal Can boosted its stake in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after purchasing an additional 98,680 shares during the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 17,647 shares of the firm’s 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 $63,752,565.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other MoneyLion news, CEO Diwakar Choubey sold 17,647 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the completion of the sale, the chief executive officer now directly owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timmie Hong sold 7,535 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.99, for a total value of $632,864.65. Following the completion of the sale, the insider now directly owns 115,697 shares of the company’s stock, valued at $9,717,391.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,737 shares of company stock worth $4,028,078. 14.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. Oppenheimer assumed coverage on MoneyLion in a research note on Tuesday. They issued a “market perform” rating on the stock. Finally, Needham & Company LLC cut their target price on MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, MoneyLion presently has an average rating of “Moderate Buy” and an average target price of $95.00.

MoneyLion Price Performance

Shares of ML opened at $37.41 on Wednesday. MoneyLion Inc. has a one year low of $17.40 and a one year high of $106.82. The company has a market cap of $393.48 million, a PE ratio of -12.90 and a beta of 2.70. The stock has a 50-day moving average of $47.61 and a 200-day moving average of $66.50.

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

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.