GSA Capital Partners LLP Buys 1,360 Shares of MoneyLion Inc. (NYSE:ML)

GSA Capital Partners LLP grew its stake in MoneyLion Inc. (NYSE:ML) by 10.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,427 shares of the company’s stock after purchasing an additional 1,360 shares during the quarter. GSA Capital Partners LLP’s holdings in MoneyLion were worth $599,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of MoneyLion in the 1st quarter valued at about $70,000. Fiducient Advisors LLC bought a new position in shares of MoneyLion in the 2nd quarter valued at about $204,000. Commonwealth Equity Services LLC bought a new position in MoneyLion during the second quarter worth about $227,000. Finally, SG Americas Securities LLC bought a new position in MoneyLion during the first quarter worth about $236,000. Institutional investors own 31.43% of the company’s stock.

Insider Activity

In other news, insider Timmie Hong sold 2,504 shares of MoneyLion stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the sale, the insider now directly owns 103,353 shares in the company, valued at approximately $4,997,117.55. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following the completion of the sale, the chief executive officer now owns 690,825 shares of the company’s stock, valued at approximately $55,341,990.75. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,686 shares of company stock worth $3,882,790. Corporate insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

ML has been the subject of a number of research analyst reports. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Securities raised their price objective on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $90.71.

MoneyLion Stock Up 2.7 %

Shares of ML stock opened at $81.13 on Tuesday. MoneyLion Inc. has a 12-month low of $31.76 and a 12-month high of $106.82. The firm has a 50 day moving average price of $49.04 and a two-hundred day moving average price of $62.03. The company has a market capitalization of $889.83 million, a PE ratio of 368.77 and a beta of 2.67.

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.