MoneyLion Inc. (NYSE:ML) CEO Sells $1,612,854.63 in Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 20,133 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following the completion of the sale, the chief executive officer now directly owns 690,825 shares in the company, valued at approximately $55,341,990.75. This trade represents a 2.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

MoneyLion Trading Down 1.4 %

NYSE ML traded down $1.14 during trading hours on Friday, hitting $78.97. 283,702 shares of the company’s stock traded hands, compared to its average volume of 203,527. The firm has a market capitalization of $866.30 million, a P/E ratio of 364.14 and a beta of 2.67. MoneyLion Inc. has a 52 week low of $30.81 and a 52 week high of $106.82. The business’s fifty day moving average price is $47.44 and its two-hundred day moving average price is $61.93.

Analyst Ratings Changes

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

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently modified their holdings of ML. Covestor Ltd raised its stake in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in MoneyLion during the third quarter valued at $40,000. FMR LLC raised its stake in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in MoneyLion during the first quarter valued at $70,000. Finally, Quest Partners LLC raised its stake in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares in the last quarter. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.