MoneyLion Inc. (NYSE:ML) Insider Adam Vanwagner Sells 5,326 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 5,326 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $464,746.76. Following the completion of the sale, the insider now owns 85,306 shares of the company’s stock, valued at approximately $7,443,801.56. This represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

MoneyLion Price Performance

ML opened at $86.24 on Friday. The business’s 50-day moving average is $86.65 and its two-hundred day moving average is $65.98. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82. The firm has a market capitalization of $957.29 million, a PE ratio of 392.01 and a beta of 3.06.

Analyst Ratings Changes

ML has been the subject of a number of analyst reports. Northland Securities raised their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th. Needham & Company LLC restated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Lake Street Capital restated a “hold” rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $100.00.

Hedge Funds Weigh In On MoneyLion

Several institutional investors and hedge funds have recently added to or reduced their stakes in ML. Covestor Ltd grew 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 purchasing an additional 255 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in MoneyLion in the fourth quarter valued at about $29,000. Point72 DIFC Ltd purchased a new position in MoneyLion in the third quarter valued at about $40,000. FMR LLC boosted its holdings in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in MoneyLion in the fourth quarter worth about $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.