MoneyLion Inc. (NYSE:ML) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in MoneyLion Inc. (NYSE:ML - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,061 shares of the company's stock after purchasing an additional 47,300 shares during the quarter. Renaissance Technologies LLC owned approximately 2.49% of MoneyLion worth $23,744,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. MMCAP International Inc. SPC bought a new position in shares of MoneyLion during the fourth quarter valued at approximately $41,435,000. Vanguard Group Inc. boosted its position in MoneyLion by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 387,269 shares of the company's stock valued at $33,309,000 after acquiring an additional 10,191 shares in the last quarter. State Street Corp increased its holdings in shares of MoneyLion by 3.1% in the 3rd quarter. State Street Corp now owns 169,694 shares of the company's stock valued at $7,051,000 after acquiring an additional 5,108 shares during the period. Geode Capital Management LLC raised its position in shares of MoneyLion by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 168,837 shares of the company's stock worth $14,524,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of MoneyLion by 127.2% during the 4th quarter. Trexquant Investment LP now owns 74,579 shares of the company's stock worth $6,415,000 after purchasing an additional 41,751 shares during the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

MoneyLion Price Performance

Shares of NYSE ML remained flat at $85.90 during mid-day trading on Friday. The firm has a market capitalization of $972.39 million, a PE ratio of 390.45 and a beta of 2.94. The business has a 50 day simple moving average of $86.63 and a 200-day simple moving average of $78.17. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. 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. Based on data from MarketBeat, MoneyLion presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.83.

Insider Buying and Selling at MoneyLion

In related news, insider Timmie Hong sold 1,365 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the transaction, the insider now owns 95,395 shares of the company's stock, valued at $8,181,075.20. This trade represents a 1.41 % 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, CAO Mark Torossian sold 1,136 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares of the company's stock, valued at $1,524,955.76. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,055 shares of company stock worth $4,176,052. 11.90% of the stock is currently owned by insiders.

About MoneyLion

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.