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 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 transaction, the insider now owns 85,306 shares in the company, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MoneyLion Stock Performance

NYSE ML opened at $85.82 on Friday. MoneyLion Inc. has a one year low of $36.65 and a one year 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. The firm has a market capitalization of $952.64 million, a price-to-earnings ratio of 390.07 and a beta of 3.06.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ML. Covestor Ltd raised its holdings in 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 stake in MoneyLion in the fourth quarter valued at approximately $29,000. Point72 DIFC Ltd acquired a new stake in MoneyLion in the third quarter valued at approximately $40,000. FMR LLC grew its position in 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 acquiring an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in MoneyLion in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

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