Cigogne Management SA Invests $2.06 Million in MoneyLion Inc. (NYSE:ML)

Cigogne Management SA bought a new position in MoneyLion Inc. (NYSE:ML - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 24,000 shares of the company's stock, valued at approximately $2,064,000. MoneyLion makes up approximately 1.2% of Cigogne Management SA's investment portfolio, making the stock its 21st biggest holding. Cigogne Management SA owned about 0.22% of MoneyLion as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of MoneyLion in the 4th quarter worth $29,000. FMR LLC increased its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after buying an additional 637 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of MoneyLion in the 4th quarter worth $67,000. KLP Kapitalforvaltning AS bought a new position in shares of MoneyLion in the 4th quarter worth $86,000. Finally, Dark Forest Capital Management LP bought a new position in shares of MoneyLion in the 4th quarter worth $202,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MoneyLion news, insider Adam Vanwagner sold 5,326 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the sale, the insider now owns 85,306 shares of the company's stock, valued at $7,443,801.56. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares in the company, valued at approximately $15,657,203.20. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,055 shares of company stock valued at $4,176,052 in the last quarter. Insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

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

MoneyLion Price Performance

Shares of ML stock remained flat at $85.90 on Tuesday. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The company has a 50 day moving average of $86.50 and a two-hundred day moving average of $80.97. The company has a market cap of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94.

MoneyLion 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.