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

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,532 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $90.00, for a total transaction of $227,880.00. Following the completion of the transaction, the insider now owns 100,601 shares in the company, valued at approximately $9,054,090. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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

Shares of ML stock opened at $78.97 on Friday. MoneyLion Inc. has a 1 year low of $30.81 and a 1 year 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 stock has a fifty day moving average of $48.21 and a two-hundred day moving average of $62.01.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd grew its position in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion in the 3rd quarter worth approximately $40,000. FMR LLC boosted its holdings in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of MoneyLion during the first quarter valued at approximately $70,000. Finally, Quest Partners LLC increased its stake in shares of 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 acquiring an additional 3,801 shares during the period. 31.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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