Insider Selling: MoneyLion Inc. (NYSE:ML) CEO Sells 18,506 Shares of Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 18,506 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 320,865 shares in the company, valued at $27,998,679.90. The trade was a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 %

ML opened at $85.82 on Friday. The firm has a market cap of $952.64 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The company’s 50-day moving average price is $86.62 and its 200 day moving average price is $66.16.

Institutional Investors Weigh In On MoneyLion

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in MoneyLion during the fourth quarter worth about $29,000. 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 purchasing an additional 255 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of MoneyLion in the fourth quarter valued at approximately $67,000. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion in the third quarter valued at approximately $40,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of MoneyLion in the fourth quarter valued at approximately $86,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ML shares. Northland Securities increased their price target 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. Oppenheimer raised shares of 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. Lake Street Capital reaffirmed 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. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $100.00.

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.