Diwakar Choubey Sells 720 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 720 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $90.01, for a total value of $64,807.20. Following the sale, the chief executive officer now owns 690,105 shares in the company, valued at approximately $62,116,351.05. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 29th, Diwakar Choubey sold 16,080 shares of MoneyLion stock. The stock was sold at an average price of $90.44, for a total value of $1,454,275.20.
• 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 value 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 value of $488,088.44.

MoneyLion Price Performance

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

Institutional Trading of MoneyLion

Hedge funds have recently bought and sold shares of the company. Covestor Ltd raised 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 stake in shares of MoneyLion in the 3rd quarter worth approximately $40,000. FMR LLC increased its position in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares in the last quarter. Fiducient Advisors LLC purchased a new position in shares of MoneyLion in the second quarter worth approximately $204,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of MoneyLion during the 2nd quarter valued at $227,000. 31.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of MoneyLion in a research report on Tuesday, November 26th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Securities boosted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. 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, the company presently has a consensus rating of “Buy” and a consensus price target of $97.86.

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.