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 that occurred on Friday, November 15th. The stock was sold at an average price of $80.11, for a total value of $558,526.92. Following the transaction, the insider now directly owns 93,629 shares in the company, valued at $7,500,619.19. The trade was a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 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 Trading Down 1.4 %

NYSE ML opened at $78.97 on Friday. MoneyLion Inc. has a 12 month low of $30.81 and a 12 month 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. The business’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $62.01.

Institutional Trading of MoneyLion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion in the 2nd quarter worth approximately $13,427,000. Bank of Montreal Can raised its stake in MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after buying an additional 98,680 shares during the last quarter. Driehaus Capital Management LLC raised its stake in MoneyLion by 77.1% during the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in MoneyLion during the first quarter valued at $3,742,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analyst Weigh In

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