Diwakar Choubey Sells 5,422 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,422 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $90.02, for a total value of $488,088.44. Following the sale, the chief executive officer now owns 710,958 shares of the company’s stock, valued at $64,000,439.16. This represents a 0.76 % 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 this hyperlink.

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

• On Friday, November 15th, Diwakar Choubey sold 20,133 shares of MoneyLion stock. The stock was sold at an average price of $80.11, for a total value of $1,612,854.63.

MoneyLion Trading Down 1.4 %

ML stock opened at $78.97 on Friday. The firm has a 50 day simple moving average of $48.21 and a 200-day simple moving average of $62.01. The company has a market capitalization of $866.30 million, a P/E ratio of 358.95 and a beta of 2.67. MoneyLion Inc. has a twelve month low of $30.81 and a twelve month high of $106.82.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion in the 3rd quarter worth about $40,000. FMR LLC raised its holdings in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares during the last quarter. EntryPoint Capital LLC bought a new stake in MoneyLion during the 1st quarter valued at $70,000. Finally, Quest Partners LLC raised its stake in shares of MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Northland Securities increased 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. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Finally, Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, MoneyLion presently has a consensus rating of “Buy” and an average target price of $90.71.

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.