MoneyLion Inc. (NYSE:ML) Insider Adam Vanwagner Sells 6,972 Shares

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 6,972 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $558,526.92. Following the completion of the sale, the insider now owns 93,629 shares in the company, valued at approximately $7,500,619.19. This trade represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 13th, Adam Vanwagner sold 2,532 shares of MoneyLion stock. The shares were sold at an average price of $90.00, for a total value of $227,880.00.
• 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 value of $431,550.00.

MoneyLion Trading Down 1.4 %

Shares of MoneyLion stock 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 1 year low of $30.81 and a 1 year high of $106.82. The firm has a market capitalization of $866.30 million, a price-to-earnings ratio of 358.95 and a beta of 2.67. The firm has a 50 day simple moving average of $47.44 and a two-hundred day simple moving average of $61.93.

Institutional Investors Weigh In On MoneyLion

A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP grew its stake in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 last quarter. Driehaus Capital Management LLC raised its stake in shares of MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new stake in shares of MoneyLion in the 2nd quarter worth $13,427,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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