Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 6,972 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 6,972 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $558,526.92. Following the sale, the insider now directly owns 93,629 shares of the company’s stock, valued at $7,500,619.19. This represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Adam Vanwagner also recently made the following trade(s):

• On Wednesday, November 13th, Adam Vanwagner sold 2,532 shares of MoneyLion stock. The shares were sold at an average price of $90.00, for a total transaction of $227,880.00.
• On Thursday, November 7th, Adam Vanwagner sold 6,165 shares of MoneyLion stock. The shares were sold at an average price of $70.00, for a total transaction of $431,550.00.

MoneyLion Price Performance

MoneyLion stock traded down $1.14 during trading hours on Friday, reaching $78.97. The stock had a trading volume of 283,702 shares, compared to its average volume of 203,527. The company has a market cap of $866.30 million, a price-to-earnings ratio of 358.95 and a beta of 2.67. The business’s 50 day moving average price is $47.44 and its 200-day moving average price is $61.93. MoneyLion Inc. has a 52 week low of $30.81 and a 52 week high of $106.82.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ML shares. Northland Securities boosted their target price on shares of MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Finally, Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $90.71.

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently modified their holdings of ML. Covestor Ltd boosted its position in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion during the 3rd quarter worth approximately $40,000. FMR LLC grew its stake in MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the period. EntryPoint Capital LLC acquired a new stake in MoneyLion in the 1st quarter valued at $70,000. Finally, Quest Partners LLC grew its stake in MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares during the period. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.