Portolan Capital Management LLC Purchases New Shares in MoneyLion Inc. (NYSE:ML)

Portolan Capital Management LLC acquired a new stake in MoneyLion Inc. (NYSE:ML - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,915 shares of the company's stock, valued at approximately $2,831,000. Portolan Capital Management LLC owned 0.30% of MoneyLion at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in MoneyLion by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company's stock worth $2,289,000 after acquiring an additional 3,179 shares in the last quarter. FMR LLC increased its stake in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after purchasing an additional 637 shares during the period. State Street Corp lifted its position in shares of MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company's stock worth $7,051,000 after purchasing an additional 5,108 shares in the last quarter. Barclays PLC boosted its stake in shares of MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company's stock valued at $575,000 after purchasing an additional 4,735 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock valued at $6,948,000 after purchasing an additional 9,106 shares in the last quarter. Institutional investors and hedge funds own 31.43% of the company's stock.

MoneyLion Price Performance

Shares of ML remained flat at $85.90 during midday 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. The business's 50-day simple moving average is $86.61 and its 200-day simple moving average is $79.08. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Insider Activity at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 11,490 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $1,002,617.40. Following the transaction, the chief financial officer now directly owns 166,529 shares in the company, valued at $14,531,320.54. This represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Diwakar Choubey sold 5,253 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $450,497.28. Following the sale, the chief executive officer now directly owns 344,928 shares in the company, valued at approximately $29,581,025.28. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,055 shares of company stock valued at $4,176,052 over the last quarter. 11.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.83.

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.