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

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 5,326 shares of the firm’s stock in a transaction dated 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 directly owns 85,306 shares of the company’s stock, valued at approximately $7,443,801.56. This represents a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

MoneyLion Stock Down 0.1 %

Shares of MoneyLion stock opened at $86.24 on Friday. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The business’s fifty day simple moving average is $86.65 and its 200-day simple moving average is $65.98. The firm has a market cap of $957.29 million, a PE ratio of 392.01 and a beta of 3.06.

Hedge Funds Weigh In On MoneyLion

Several large investors have recently modified their holdings of the business. Covestor Ltd lifted its stake in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in MoneyLion during the 4th quarter worth about $29,000. Point72 DIFC Ltd acquired a new position in MoneyLion during the 3rd quarter worth about $40,000. FMR LLC lifted its stake in MoneyLion by 154.6% during the 3rd 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 position in MoneyLion during the 4th quarter worth about $67,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.