MoneyLion Inc. (NYSE:ML) CEO Sells $450,497.28 in Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,253 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $450,497.28. Following the completion of the transaction, the chief executive officer now directly owns 344,928 shares in the company, valued at $29,581,025.28. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, February 18th, Diwakar Choubey sold 18,506 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total value of $1,614,833.56.
• On Friday, November 29th, Diwakar Choubey sold 16,080 shares of MoneyLion stock. The shares were sold at an average price of $90.44, for a total value of $1,454,275.20.
• On Wednesday, November 27th, Diwakar Choubey sold 720 shares of MoneyLion stock. The shares were sold at an average price of $90.01, for a total value of $64,807.20.

MoneyLion Trading Up 0.6 %

ML opened at $86.00 on Wednesday. The company has a market capitalization of $954.69 million, a price-to-earnings ratio of 390.91 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 business’s fifty day simple moving average is $86.60 and its 200-day simple moving average is $67.00.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On MoneyLion

A number of hedge funds have recently made changes to their positions in ML. Covestor Ltd lifted its stake in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of MoneyLion during the 4th quarter worth $29,000. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion during the 3rd quarter worth $40,000. FMR LLC lifted its stake in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of MoneyLion during the 4th quarter worth $67,000. 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.