Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 2,994 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,994 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $79.40, for a total value of $237,723.60. Following the completion of the sale, the insider now owns 90,635 shares in the company, valued at $7,196,419. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 15th, Adam Vanwagner sold 6,972 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total transaction of $558,526.92.
• 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 transaction 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 transaction of $431,550.00.

MoneyLion Stock Down 5.6 %

Shares of MoneyLion stock traded down $4.67 during mid-day trading on Wednesday, hitting $78.45. The stock had a trading volume of 96,605 shares, compared to its average volume of 202,918. The firm has a 50-day moving average of $49.91 and a two-hundred day moving average of $62.12. MoneyLion Inc. has a 12-month low of $33.01 and a 12-month high of $106.82. The firm has a market cap of $870.74 million, a P/E ratio of 377.77 and a beta of 2.67.

Hedge Funds Weigh In On MoneyLion

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its position in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares during the period. Point72 DIFC Ltd purchased a new position in MoneyLion in the 3rd quarter valued at approximately $40,000. EntryPoint Capital LLC purchased a new position in MoneyLion in the 1st quarter valued at approximately $70,000. FMR LLC boosted its position in MoneyLion by 154.6% in the 3rd 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 period. Finally, Fiducient Advisors LLC purchased a new position in MoneyLion in the 2nd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, November 7th. Northland Securities upped their price target 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. Finally, Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock 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.