MoneyLion Inc. (NYSE:ML) CEO Sells $488,088.44 in Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,422 shares of MoneyLion stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $90.02, for a total transaction of $488,088.44. Following the completion of the transaction, the chief executive officer now directly owns 710,958 shares in the company, valued at $64,000,439.16. The trade was a 0.76 % 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 link.

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

• On Friday, November 15th, Diwakar Choubey sold 20,133 shares of MoneyLion stock. The stock was sold at an average price of $80.11, for a total transaction of $1,612,854.63.

MoneyLion Price Performance

Shares of ML stock opened at $78.97 on Friday. The business’s fifty day moving average price is $48.21 and its 200 day moving average price is $61.98. The firm has a market capitalization of $866.30 million, a PE ratio of 358.95 and a beta of 2.67. MoneyLion Inc. has a 1-year low of $30.81 and a 1-year high of $106.82.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On MoneyLion

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of MoneyLion by 2.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after acquiring an additional 257 shares during the period. FMR LLC boosted its stake in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion in the 3rd quarter worth approximately $40,000. Finally, EntryPoint Capital LLC purchased a new position in MoneyLion in the 1st quarter valued at approximately $70,000. 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.