Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 2,532 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,532 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $90.00, for a total value of $227,880.00. Following the sale, the insider now owns 100,601 shares in the company, valued at approximately $9,054,090. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Adam Vanwagner also recently made the following trade(s):

• On Friday, November 15th, Adam Vanwagner sold 6,972 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total value of $558,526.92.
• On Thursday, November 7th, Adam Vanwagner sold 6,165 shares of MoneyLion stock. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00.

MoneyLion Trading Down 1.4 %

ML opened at $78.97 on Monday. The stock has a market capitalization of $866.30 million, a P/E ratio of 358.95 and a beta of 2.67. The stock has a 50-day moving average price of $48.21 and a 200-day moving average price of $61.95. MoneyLion Inc. has a 12-month low of $30.81 and a 12-month high of $106.82.

Wall Street Analysts Forecast Growth

ML has been the topic of several recent analyst reports. Northland Securities increased their target price on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research note on Friday, October 4th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $90.71.

Institutional Trading of MoneyLion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after acquiring an additional 46,611 shares during the last quarter. Vanguard Group Inc. raised its position in MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares during the period. Driehaus Capital Management LLC lifted its stake in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares during the last quarter. Renaissance Technologies LLC boosted its position in MoneyLion by 64.2% during the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP bought a new position in shares of MoneyLion during the second quarter valued at about $13,427,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.