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 firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $464,746.76. Following the sale, the insider now owns 85,306 shares in the company, valued at approximately $7,443,801.56. This represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

MoneyLion Stock Down 0.1 %

Shares of NYSE ML traded down $0.06 during trading on Thursday, reaching $86.24. 319,848 shares of the stock were exchanged, compared to its average volume of 156,498. The business’s 50-day moving average price is $86.65 and its 200 day moving average price is $65.84. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The company has a market capitalization of $957.29 million, a price-to-earnings ratio of 392.01 and a beta of 3.06.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer raised 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. Lake Street Capital reiterated a “hold” rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities boosted their price objective 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. Finally, Needham & Company LLC restated a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Trading of MoneyLion

Institutional investors have recently added to or reduced their stakes in the stock. 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 acquiring an additional 255 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of MoneyLion during the fourth quarter worth $29,000. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion during the third quarter worth $40,000. FMR LLC raised its holdings in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of MoneyLion during the fourth quarter worth $67,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.