Diwakar Choubey Sells 20,133 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 20,133 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 transaction of $1,612,854.63. Following the completion of the sale, the chief executive officer now owns 690,825 shares in the company, valued at $55,341,990.75. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 Stock Performance

Shares of MoneyLion stock opened at $78.97 on Friday. The firm has a market cap of $866.30 million, a PE ratio of 358.95 and a beta of 2.67. The business’s 50 day simple moving average is $48.21 and its 200 day simple moving average is $61.98. MoneyLion Inc. has a 52-week low of $30.81 and a 52-week high of $106.82.

Institutional Trading of MoneyLion

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in MoneyLion by 5.8% during the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Barclays PLC lifted its position in MoneyLion by 52.1% during the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after buying an additional 4,735 shares in the last quarter. State Street Corp boosted its stake in shares of MoneyLion by 3.1% during the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after buying an additional 5,108 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion in the 3rd quarter valued at about $40,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of MoneyLion in the third quarter valued at about $574,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ML shares. 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 report on Thursday, November 7th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Securities increased their target price on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a research note on Friday, October 4th. Six equities 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, MoneyLion presently has a consensus rating of “Buy” and a consensus 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.