MoneyLion Inc. (NYSE:ML) Insider Sells $558,526.92 in Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 6,972 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $80.11, for a total transaction of $558,526.92. Following the transaction, the insider now owns 93,629 shares in the company, valued at approximately $7,500,619.19. The trade was a 6.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Adam Vanwagner also recently made the following trade(s):

• On Wednesday, November 13th, Adam Vanwagner sold 2,532 shares of MoneyLion stock. The stock was sold at an average price of $90.00, for a total value of $227,880.00.
• On Thursday, November 7th, Adam Vanwagner sold 6,165 shares of MoneyLion stock. The stock was sold at an average price of $70.00, for a total value of $431,550.00.

MoneyLion Stock Down 1.4 %

NYSE:ML opened at $78.97 on Monday. The firm has a market cap of $866.30 million, a PE ratio of 358.95 and a beta of 2.67. The company’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $61.95. MoneyLion Inc. has a 12 month low of $30.81 and a 12 month high of $106.82.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after purchasing an additional 9,106 shares in the last quarter. Barclays PLC raised its holdings in shares of MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after buying an additional 4,735 shares during the last quarter. State Street Corp lifted its position in MoneyLion by 3.1% during the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after buying an additional 5,108 shares in the last quarter. Point72 DIFC Ltd bought a new stake in MoneyLion during the 3rd quarter worth about $40,000. Finally, Point72 Asset Management L.P. acquired a new stake in MoneyLion in the 3rd quarter valued at about $574,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ML has been the topic of a number of research reports. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. 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 report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research note on Friday, October 4th. Finally, Northland Securities raised their price target on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $90.71.

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.