Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 5,326 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 5,326 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the sale, the insider now directly owns 85,306 shares of the company’s stock, valued at $7,443,801.56. This represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MoneyLion Trading Down 0.4 %

Shares of NYSE ML opened at $85.82 on Friday. The company has a market cap of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a 50-day moving average price of $86.62 and a two-hundred day moving average price of $66.28.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Covestor Ltd increased its stake in shares of 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 period. SBI Securities Co. Ltd. acquired a new position in shares of MoneyLion in the fourth quarter valued at approximately $29,000. Point72 DIFC Ltd acquired a new position in shares of MoneyLion in the third quarter valued at approximately $40,000. FMR LLC increased its stake in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of MoneyLion in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ML shares. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC reissued a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, MoneyLion presently has an average rating of “Buy” and an average target price of $100.00.

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.