Insider Selling: MoneyLion Inc. (NYSE:ML) CEO Sells 16,080 Shares of Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 16,080 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the sale, the chief executive officer now owns 674,025 shares in the company, valued at approximately $60,958,821. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $64,807.20.
• On Friday, November 15th, Diwakar Choubey sold 20,133 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total transaction of $1,612,854.63.
• On Wednesday, November 13th, Diwakar Choubey sold 5,422 shares of MoneyLion stock. The shares were sold at an average price of $90.02, for a total transaction of $488,088.44.

MoneyLion Stock Performance

MoneyLion stock traded down $4.81 during trading on Monday, reaching $86.89. The company had a trading volume of 247,059 shares, compared to its average volume of 202,288. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The stock’s 50 day moving average price is $56.82 and its two-hundred day moving average price is $62.52. The firm has a market capitalization of $964.57 million, a price-to-earnings ratio of 397.45 and a beta of 2.67.

Analysts Set New Price Targets

A number of research analysts recently commented on ML shares. Northland Securities increased their target price 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. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Tuesday, November 26th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $97.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted 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 buying an additional 4,735 shares in the last quarter. Geode Capital Management LLC lifted its position in MoneyLion by 5.8% during 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 in the last quarter. State Street Corp lifted its position in MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after buying an additional 5,108 shares in the last quarter. Point72 DIFC Ltd acquired a new position in MoneyLion during the third quarter valued at approximately $40,000. Finally, Point72 Asset Management L.P. acquired a new position in MoneyLion during the third quarter valued at approximately $574,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.