Loop Capital stock analysts assumed a hedge on the shares of MoneyLion (NYSE:ML – Get a Note) in a report released on Monday, reports The Fly. The brokerage has set a “buy” rating on the stock.
Separately, Cantor Fitzgerald lowered his price target on MoneyLion shares from $8.00 to $5.00 in a Friday, March 11 research report.
NYSE ML opened at $1.64 on Monday. MoneyLion has a 1 year minimum of $1.17 and a 1 year maximum of $11.34. The company has a 50-day moving average of $1.70 and a 200-day moving average of $2.15.
In addition, CEO Diwakar Choubey acquired 32,942 shares in a transaction dated Friday, May 20. The shares were acquired at an average cost of $1.49 per share, with a total value of $49,083.58. Following completion of the transaction, the CEO now owns 18,772,285 shares of the company, valued at approximately $27,970,704.65. The purchase was disclosed in a document filed with the SEC, accessible via this link.
Several institutional investors have recently increased or reduced their stake in the company. Mesirow Financial Investment Management Inc. bought a new position in MoneyLion in the fourth quarter worth $195,000. Josh Arnold Investment Consultant LLC acquired a new equity stake in MoneyLion during the fourth quarter worth $101,000. Lenox Wealth Advisors LLC increased its equity stake in MoneyLion by 396.8% during the fourth quarter. Lenox Wealth Advisors LLC now owns 31,300 shares of the company valued at $126,000 after acquiring an additional 25,000 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in MoneyLion in Q3 worth approximately $76,000. Finally, Kestra Advisory Services LLC increased its stake in MoneyLion by 147.0% in the 4th quarter. Kestra Advisory Services LLC now owns 33,605 shares of the company worth $135,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds hold 33.85% of the company’s shares.
About MoneyLion (Get an evaluation)
MoneyLion Inc provides a digital financial platform. The company’s platform provides clients with access to banking, borrowing and investing solutions. Its main products include roarmoney premium mobile banking, personalized investment, cryptocurrency, instacash, membership programs, financial tracking tools, online financial education content destination, programs affiliate marketing services, unsecured personal loans and credit decision services.
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