Insider Selling: MoneyLion Inc. (NYSE:ML) CEO Sells 5,253 Shares of Stock

MoneyLion Inc. (NYSE:ML - Get Free Report) CEO Diwakar Choubey sold 5,253 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $450,497.28. Following the transaction, the chief executive officer now owns 344,928 shares in the company, valued at $29,581,025.28. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Diwakar Choubey sold 18,506 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $1,614,833.56.
• 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 value of $64,807.20.

MoneyLion Stock Up 0.5 %

MoneyLion stock traded up $0.45 during trading hours on Friday, hitting $87.18. 157,526 shares of the company traded hands, compared to its average volume of 158,687. The firm's 50-day simple moving average is $86.60 and its two-hundred day simple moving average is $67.27. The firm has a market cap of $967.79 million, a P/E ratio of 396.27 and a beta of 3.06. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in MoneyLion during the 4th quarter valued at $29,000. Covestor Ltd lifted its holdings in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company's stock valued at $27,000 after buying an additional 255 shares during the period. New York State Teachers Retirement System bought a new position in MoneyLion during the fourth quarter valued at about $67,000. Point72 DIFC Ltd acquired a new position in MoneyLion during the third quarter worth about $40,000. Finally, KLP Kapitalforvaltning AS bought a new stake in MoneyLion in the fourth quarter worth about $86,000. Institutional investors and hedge funds own 31.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ML shares. Lake Street Capital restated 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. Needham & Company LLC reissued a "hold" rating and set a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. B. Riley cut shares of MoneyLion from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $133.00 to $90.00 in a report on Wednesday. Northland Securities lifted 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, Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, MoneyLion presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.83.

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.