Rhumbline Advisers Has $801,000 Stock Position in MoneyLion Inc. (NYSE:ML)

Rhumbline Advisers raised its stake in MoneyLion Inc. (NYSE:ML) by 4,346.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,895 shares of the company’s stock after buying an additional 10,650 shares during the period. Rhumbline Advisers owned 0.10% of MoneyLion worth $801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of MoneyLion by 500.7% during the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after acquiring an additional 16,592 shares during the last quarter. Sei Investments Co. bought a new position in shares of MoneyLion during the first quarter valued at $1,070,000. Acadian Asset Management LLC raised its stake in shares of MoneyLion by 114.3% during the first quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after acquiring an additional 24,193 shares during the last quarter. Trexquant Investment LP bought a new position in shares of MoneyLion during the fourth quarter valued at $1,251,000. Finally, Vanguard Group Inc. raised its stake in shares of MoneyLion by 1.4% during the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after acquiring an additional 3,107 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Needham & Company LLC dropped 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. B. Riley reissued a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research note 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 an average rating of “Buy” and an average price target of $95.00.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 7,535 shares of MoneyLion stock in a transaction on Tuesday, July 16th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Mark Torossian sold 811 shares of MoneyLion stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10. Following the completion of the transaction, the chief accounting officer now directly owns 21,395 shares in the company, valued at $964,914.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 7,535 shares of MoneyLion stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65. Following the transaction, the insider now owns 115,697 shares of the company’s stock, valued at $9,717,391.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,737 shares of company stock valued at $4,028,078. Corporate insiders own 14.10% of the company’s stock.

MoneyLion Stock Up 2.4 %

Shares of NYSE ML opened at $44.51 on Tuesday. 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 $51.55 and a 200 day simple moving average 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 (NYSE:ML) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating 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 firm had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same period in the previous year, the firm posted ($0.42) earnings per share. The business’s revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that MoneyLion Inc. will post 1.4 earnings per share 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.