MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 813 Shares of MoneyLion Inc. (NYSE:ML)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MoneyLion Inc. (NYSE:ML) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,770 shares of the company’s stock after buying an additional 813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.12% of MoneyLion worth $1,098,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in MoneyLion during the fourth quarter worth $29,000. New York State Teachers Retirement System purchased a new position in MoneyLion during the 4th quarter worth $67,000. KLP Kapitalforvaltning AS bought a new stake in shares of MoneyLion in the 4th quarter worth $86,000. BNP Paribas Financial Markets purchased a new stake in shares of MoneyLion in the fourth quarter valued at about $104,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of MoneyLion in the fourth quarter valued at about $202,000. 31.43% of the stock is owned by institutional investors.

MoneyLion Stock Performance

Shares of ML stock opened at $85.90 on Monday. The firm has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The firm’s 50-day simple moving average is $86.19 and its two-hundred day simple moving average is $86.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $90.00 in a research 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.40.

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.