MoneyLion Inc. (NYSE:ML) Stake Boosted by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in MoneyLion Inc. (NYSE:ML) by 8.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,306 shares of the company’s stock after acquiring an additional 511 shares during the period. California State Teachers Retirement System’s holdings in MoneyLion were worth $542,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in MoneyLion in the 4th quarter worth about $29,000. New York State Teachers Retirement System acquired a new stake in MoneyLion during the 4th quarter worth about $67,000. KLP Kapitalforvaltning AS acquired a new stake in MoneyLion during the 4th quarter worth about $86,000. BNP Paribas Financial Markets acquired a new stake in MoneyLion during the 4th quarter worth about $104,000. Finally, Orion Capital Management LLC acquired a new stake in MoneyLion during the 4th quarter worth about $112,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

MoneyLion Price Performance

Shares of MoneyLion stock opened at $85.90 on Thursday. 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 $94.00. The stock has a 50-day simple moving average of $85.84 and a 200-day simple moving average of $86.42.

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.