Adam Vanwagner Sells 6,972 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 6,972 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $80.11, for a total value of $558,526.92. Following the sale, the insider now owns 93,629 shares of the company’s stock, valued at approximately $7,500,619.19. The trade was a 6.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $431,550.00.

MoneyLion Stock Down 1.4 %

Shares of NYSE:ML opened at $78.97 on Friday. The firm 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 12 month low of $30.81 and a 12 month high of $106.82. The company’s fifty day simple moving average is $48.21 and its 200 day simple moving average is $61.98.

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently made changes to their positions in the business. Marshall Wace LLP lifted its position in shares of MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Vanguard Group Inc. lifted its position in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of MoneyLion by 77.1% during the 2nd 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 grew its holdings in shares of MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of MoneyLion in the second quarter valued at about $13,427,000. 31.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Northland Capmk raised shares of 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 target on shares of MoneyLion in a research report on Friday, October 4th. Northland Securities lifted their price objective on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Oppenheimer upgraded 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. Finally, Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.