25,308 Shares in MoneyLion Inc. (NYSE:ML) Acquired by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in MoneyLion Inc. (NYSE:ML - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,308 shares of the company's stock, valued at approximately $2,177,000. Alpine Global Management LLC owned about 0.23% of MoneyLion at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MMCAP International Inc. SPC acquired a new position in MoneyLion in the 4th quarter valued at about $41,435,000. Cooper Creek Partners Management LLC bought a new stake in shares of MoneyLion during the fourth quarter worth approximately $21,933,000. Marshall Wace LLP grew its position in shares of MoneyLion by 54.0% in the fourth quarter. Marshall Wace LLP now owns 259,461 shares of the company's stock valued at $22,316,000 after purchasing an additional 90,929 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of MoneyLion by 830.7% during the fourth quarter. JPMorgan Chase & Co. now owns 59,761 shares of the company's stock worth $5,140,000 after purchasing an additional 53,340 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of MoneyLion by 20.7% during the fourth quarter. Renaissance Technologies LLC now owns 276,061 shares of the company's stock worth $23,744,000 after purchasing an additional 47,300 shares during the period. 31.43% of the stock is owned by institutional investors.

Insider Activity at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 3,502 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the sale, the chief financial officer now owns 182,570 shares of the company's stock, valued at approximately $15,657,203.20. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark Torossian sold 1,136 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $99,127.36. Following the transaction, the chief accounting officer now directly owns 17,476 shares of the company's stock, valued at $1,524,955.76. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,055 shares of company stock valued at $4,176,052 over the last quarter. 11.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. B. Riley lowered MoneyLion from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $133.00 to $90.00 in a report on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.83.

MoneyLion Stock Performance

Shares of NYSE:ML remained flat at $85.90 during trading on Friday. The firm has a market cap of $972.39 million, a PE ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The company's 50-day moving average is $86.51 and its 200 day moving average is $80.66.

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.