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

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,253 shares of MoneyLion stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $450,497.28. Following the sale, the chief executive officer now directly 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 SEC, which can be accessed through this hyperlink.

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 Performance

Shares of ML stock traded down $0.15 on Monday, hitting $85.61. The company had a trading volume of 220,987 shares, compared to its average volume of 158,200. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The firm has a market cap of $950.27 million, a P/E ratio of 389.14 and a beta of 3.06. The stock’s 50-day moving average is $86.62 and its two-hundred day moving average is $66.44.

Institutional Trading of MoneyLion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of MoneyLion by 238.8% in the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after purchasing an additional 21,681 shares during the period. Point72 Asset Management L.P. bought a new position in MoneyLion during the third quarter worth $574,000. Geode Capital Management LLC lifted its holdings in MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after buying an additional 9,106 shares during the period. Barclays PLC boosted its position in MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after acquiring an additional 4,735 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in MoneyLion during the 3rd quarter worth about $249,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.