MoneyLion Inc. (NYSE:ML) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of MoneyLion Inc. (NYSE:ML) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,464 shares of the company’s stock after buying an additional 1,288 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of MoneyLion worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ML. New York State Teachers Retirement System acquired a new position in MoneyLion during the fourth quarter valued at approximately $67,000. Bank of New York Mellon Corp boosted its holdings in shares of MoneyLion by 11.6% during the 4th quarter. Bank of New York Mellon Corp now owns 19,648 shares of the company’s stock worth $1,690,000 after buying an additional 2,050 shares during the period. MMCAP International Inc. SPC acquired a new position in MoneyLion in the 4th quarter valued at $41,435,000. SBI Securities Co. Ltd. bought a new position in MoneyLion in the 4th quarter worth $29,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in MoneyLion by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock worth $5,258,000 after acquiring an additional 6,046 shares during the period. Institutional investors own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ML shares. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley downgraded MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three research 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 company’s stock. According to MarketBeat.com, MoneyLion currently has an average rating of “Moderate Buy” and a consensus target price of $90.40.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $85.90 on Friday. The company has a market cap of $972.39 million, a PE ratio of 390.45 and a beta of 2.94. The firm has a fifty day moving average price of $85.88 and a two-hundred day moving average price of $86.35. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $91.85.

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.