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 transaction of $488,088.44. Following the sale, the chief executive officer now directly owns 710,958 shares of the company’s stock, valued at $64,000,439.16. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $1,612,854.63.

MoneyLion Trading Down 1.4 %

Shares of ML traded down $1.14 during trading hours on Friday, reaching $78.97. The stock had a trading volume of 283,702 shares, compared to its average volume of 203,527. MoneyLion Inc. has a 12 month low of $30.81 and a 12 month high of $106.82. The firm has a 50-day simple moving average of $47.44 and a 200 day simple moving average of $61.93. The company has a market capitalization of $866.30 million, a price-to-earnings ratio of 358.95 and a beta of 2.67.

Analyst Ratings Changes

ML has been the subject of a number of research reports. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Northland Securities raised their price objective on shares of MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, November 8th. 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 analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, MoneyLion currently has a consensus rating of “Buy” and a consensus target price of $90.71.

Hedge Funds Weigh In On MoneyLion

Large investors have recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new position in MoneyLion during the 3rd quarter valued at $40,000. FMR LLC lifted its stake in 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 acquiring an additional 637 shares in the last quarter. EntryPoint Capital LLC bought a new position 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 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after purchasing an additional 3,801 shares during the period. 31.43% of the stock is currently owned by institutional investors.

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.