Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 6,972 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 6,972 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $80.11, for a total value of $558,526.92. Following the completion of the transaction, the insider now owns 93,629 shares in the company, valued at approximately $7,500,619.19. This represents a 6.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, November 13th, Adam Vanwagner sold 2,532 shares of MoneyLion stock. The shares were sold at an average price of $90.00, for a total transaction 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 transaction of $431,550.00.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $78.97 on Monday. MoneyLion Inc. has a 1 year low of $30.81 and a 1 year high of $106.82. The company has a market capitalization of $866.30 million, a P/E ratio of 358.95 and a beta of 2.67. The business has a 50-day moving average of $48.21 and a two-hundred day moving average of $61.95.

Analysts Set New Price Targets

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

Institutional Trading of MoneyLion

A number of large investors have recently bought and sold shares of ML. Covestor Ltd boosted its holdings 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 buying an additional 255 shares during the period. Point72 DIFC Ltd acquired a new position in MoneyLion in the 3rd quarter worth $40,000. EntryPoint Capital LLC bought a new position in MoneyLion during the 1st quarter worth about $70,000. FMR LLC raised its stake in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the period. Finally, Fiducient Advisors LLC bought a new stake in shares of MoneyLion in the second quarter valued at about $204,000. 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.