MoneyLion Inc. (NYSE:ML) CEO Sells $1,612,854.63 in Stock

MoneyLion Inc. (NYSE:ML - Get Free Report) CEO Diwakar Choubey sold 20,133 shares of the company's stock in a transaction dated Friday, November 15th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, November 13th, Diwakar Choubey sold 5,422 shares of MoneyLion stock. The stock was sold at an average price of $90.02, for a total transaction of $488,088.44.

MoneyLion Trading Down 1.4 %

Shares of ML stock traded down $1.14 during trading on Friday, reaching $78.97. 283,702 shares of the company's stock traded hands, compared to its average volume of 203,527. The company has a market capitalization of $866.30 million, a P/E ratio of 364.14 and a beta of 2.67. The firm's 50-day moving average is $47.44 and its 200 day moving average is $61.93. MoneyLion Inc. has a 1 year low of $30.81 and a 1 year high of $106.82.

Institutional Trading of MoneyLion

Several institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its position in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock valued at $27,000 after buying an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion during the 3rd quarter valued at $40,000. EntryPoint Capital LLC bought a new position in shares of MoneyLion during the 1st quarter valued at $70,000. FMR LLC grew its holdings in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock valued at $44,000 after purchasing an additional 637 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in shares of MoneyLion during the 2nd quarter valued at $204,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ML. Needham & Company LLC restated a "buy" rating and issued a $70.00 target price on shares of MoneyLion in a report on Friday, October 4th. Northland Securities upped their price objective on shares of MoneyLion from $60.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Northland Capmk raised shares of MoneyLion to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer raised 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. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target 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.

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