Insider Selling: MoneyLion Inc. (NYSE:ML) CEO Sells $1,614,833.56 in Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 18,506 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the sale, the chief executive officer now owns 320,865 shares of the company’s stock, valued at approximately $27,998,679.90. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, November 29th, Diwakar Choubey sold 16,080 shares of MoneyLion stock. The stock was sold at an average price of $90.44, for a total transaction of $1,454,275.20.
• On Wednesday, November 27th, Diwakar Choubey sold 720 shares of MoneyLion stock. The shares were sold at an average price of $90.01, for a total transaction of $64,807.20.

MoneyLion Stock Down 0.4 %

NYSE:ML opened at $85.82 on Friday. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The firm has a market cap of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. The company’s 50 day moving average is $86.62 and its 200-day moving average is $66.28.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently modified their holdings of ML. MMCAP International Inc. SPC acquired a new stake in shares of MoneyLion in the fourth quarter worth $41,435,000. Cooper Creek Partners Management LLC acquired a new stake in shares of MoneyLion in the fourth quarter worth $21,933,000. Tudor Investment Corp ET AL grew its stake in shares of MoneyLion by 1,825.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock worth $12,472,000 after acquiring an additional 137,473 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of MoneyLion in the fourth quarter worth $9,828,000. Finally, Nuveen Asset Management LLC boosted its stake in MoneyLion by 138.7% during the fourth quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock worth $15,016,000 after buying an additional 101,455 shares in the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $100.00.

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.