Adam Vanwagner Sells 2,532 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,532 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $90.00, for a total value of $227,880.00. Following the completion of the sale, the insider now directly owns 100,601 shares of the company’s stock, valued at $9,054,090. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 15th, Adam Vanwagner sold 6,972 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total transaction of $558,526.92.
• 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 Stock Performance

ML stock traded down $1.14 during midday trading on Friday, reaching $78.97. 283,682 shares of the company were exchanged, compared to its average volume of 203,527. The company has a market cap of $866.30 million, a price-to-earnings 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. The stock’s 50-day simple moving average is $47.44 and its 200 day simple moving average is $61.93.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently bought and sold shares of ML. Covestor Ltd lifted its stake 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 buying an additional 255 shares during the last quarter. ClariVest Asset Management LLC raised its position in MoneyLion by 2.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after purchasing an additional 257 shares during the last quarter. FMR LLC boosted its stake in MoneyLion by 154.6% during the 3rd 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. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion during the third quarter worth about $40,000. Finally, EntryPoint Capital LLC purchased a new position in shares of MoneyLion in the 1st quarter valued at approximately $70,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.