Diwakar Choubey Sells 18,506 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 18,506 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the sale, the chief executive officer now owns 320,865 shares in the company, valued at $27,998,679.90. This represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $1,454,275.20.
• On Wednesday, November 27th, Diwakar Choubey sold 720 shares of MoneyLion stock. The stock was sold at an average price of $90.01, for a total transaction of $64,807.20.

MoneyLion Stock Down 0.4 %

MoneyLion stock opened at $85.82 on Friday. The stock has a 50-day simple moving average of $86.62 and a 200 day simple moving average of $66.28. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The stock has a market capitalization of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06.

Analyst Upgrades and Downgrades

ML has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Lake Street Capital restated a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, November 7th. Finally, Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, MoneyLion presently has a consensus rating of “Buy” and an average price target of $100.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of MoneyLion in the fourth quarter valued at about $29,000. Covestor Ltd raised its holdings in 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. New York State Teachers Retirement System bought a new stake in MoneyLion during the 4th quarter worth about $67,000. Point72 DIFC Ltd bought a new stake in MoneyLion during the 3rd quarter worth about $40,000. Finally, KLP Kapitalforvaltning AS bought a new stake in MoneyLion during the 4th quarter worth about $86,000. 31.43% of the stock is owned by 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.