MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey Sells 20,133 Shares of Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 20,133 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $80.11, for a total value of $1,612,854.63. Following the completion of the transaction, the chief executive officer now owns 690,825 shares of the company’s stock, valued at $55,341,990.75. The trade was a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Diwakar Choubey also recently made the following trade(s):

• On Wednesday, November 13th, Diwakar Choubey sold 5,422 shares of MoneyLion stock. The stock was sold at an average price of $90.02, for a total transaction of $488,088.44.

MoneyLion Price Performance

Shares of NYSE:ML opened at $78.97 on Friday. The business has a 50 day simple moving average of $48.21 and a two-hundred day simple moving average of $62.01. MoneyLion Inc. has a 1 year low of $30.81 and a 1 year high of $106.82. The firm has a market capitalization of $866.30 million, a PE ratio of 358.95 and a beta of 2.67.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ML shares. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Thursday, November 7th. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Northland Securities increased their target price on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MoneyLion has a consensus rating of “Buy” and an average target price of $90.71.

Institutional Trading of MoneyLion

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP bought a new stake in MoneyLion during the 2nd quarter valued at about $13,427,000. Bank of Montreal Can boosted its holdings in shares of MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after purchasing an additional 98,680 shares during the period. Driehaus Capital Management LLC grew its stake in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares in the last quarter. Renaissance Technologies LLC increased its holdings in MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after purchasing an additional 83,700 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in MoneyLion during the 1st quarter valued at $3,742,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.