MoneyLion Inc. (NYSE:ML) CEO Sells $64,807.20 in Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 720 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $90.01, for a total value of $64,807.20. Following the completion of the transaction, the chief executive officer now owns 690,105 shares of the company’s stock, valued at $62,116,351.05. This represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Diwakar Choubey also recently made the following trade(s):

• On Friday, November 29th, Diwakar Choubey sold 16,080 shares of MoneyLion stock. The stock was sold at an average price of $90.44, for a total value of $1,454,275.20.
• On Friday, November 15th, Diwakar Choubey sold 20,133 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total value of $1,612,854.63.
• On Wednesday, November 13th, Diwakar Choubey sold 5,422 shares of MoneyLion stock. The shares were sold at an average price of $90.02, for a total value of $488,088.44.

MoneyLion Stock Performance

Shares of NYSE ML traded down $4.81 during midday trading on Monday, hitting $86.89. 247,059 shares of the stock traded hands, compared to its average volume of 202,288. The firm has a 50-day moving average of $56.82 and a two-hundred day moving average of $62.52. The firm has a market capitalization of $964.57 million, a P/E ratio of 397.45 and a beta of 2.67. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82.

Hedge Funds Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently modified their holdings of ML. Covestor Ltd grew its holdings in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the period. Point72 DIFC Ltd bought a new stake in MoneyLion during the third quarter valued at about $40,000. FMR LLC grew its holdings in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the period. Quest Partners LLC grew its holdings in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. Finally, Fiducient Advisors LLC purchased a new position in shares of MoneyLion in the second quarter valued at about $204,000. 31.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ML shares. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Tuesday, November 26th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Securities upped their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, MoneyLion has a consensus rating of “Buy” and a consensus price target of $97.86.

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.