Centiva Capital LP Invests $249,000 in MoneyLion Inc. (NYSE:ML)

Centiva Capital LP acquired a new stake in shares of MoneyLion Inc. (NYSE:ML) during the 3rd quarter, Holdings Channel reports. The fund acquired 5,998 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ML. Marshall Wace LLP boosted its stake in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares during the last quarter. Driehaus Capital Management LLC raised its position in MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in shares of MoneyLion during the second quarter valued at approximately $13,427,000. Finally, Bank of Montreal Can boosted its holdings in MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after purchasing an additional 98,680 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ML has been the subject of a number of research reports. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Lake Street Capital restated a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $94.00.

MoneyLion Trading Down 1.0 %

NYSE:ML opened at $87.18 on Thursday. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The stock has a market capitalization of $967.79 million, a P/E ratio of 396.27 and a beta of 3.08. The stock has a 50-day moving average price of $64.06 and a 200 day moving average price of $62.85.

Insider Activity

In other MoneyLion news, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the completion of the transaction, the insider now directly owns 103,133 shares of the company’s stock, valued at $7,219,310. This trade represents a 5.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Chris Sugden sold 25,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $86.22, for a total transaction of $2,155,500.00. Following the sale, the director now owns 1,062,505 shares in the company, valued at $91,609,181.10. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,872 shares of company stock worth $8,998,024 over the last quarter. Insiders own 11.90% of the company’s stock.

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.