MoneyLion Inc. (NYSE:ML) Insider Adam Vanwagner Sells 2,994 Shares

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,994 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $79.40, for a total value of $237,723.60. Following the sale, the insider now owns 90,635 shares in the company, valued at approximately $7,196,419. The trade was a 3.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 15th, Adam Vanwagner sold 6,972 shares of MoneyLion stock. The stock was sold at an average price of $80.11, for a total value of $558,526.92.
• 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 value 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 value of $431,550.00.

MoneyLion Stock Down 5.6 %

Shares of NYSE:ML traded down $4.67 during midday trading on Wednesday, reaching $78.45. 96,605 shares of the company traded hands, compared to its average volume of 202,918. MoneyLion Inc. has a 12 month low of $33.01 and a 12 month high of $106.82. The firm has a market capitalization of $870.74 million, a price-to-earnings ratio of 377.77 and a beta of 2.67. The firm’s fifty day moving average price is $49.91 and its two-hundred day moving average price is $62.12.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On MoneyLion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its holdings in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Vanguard Group Inc. raised its position in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Driehaus Capital Management LLC raised its position in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after purchasing an additional 96,433 shares during the last quarter. Renaissance Technologies LLC raised its position in 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 purchasing an additional 83,700 shares during the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in MoneyLion during the 2nd quarter valued at approximately $13,427,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

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.