MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey Sells 5,422 Shares

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,422 shares of MoneyLion stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $90.02, for a total value of $488,088.44. Following the sale, the chief executive officer now owns 710,958 shares in the company, valued at $64,000,439.16. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $1,612,854.63.

MoneyLion Stock Down 1.4 %

Shares of NYSE ML traded down $1.14 during trading on Friday, reaching $78.97. The company 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 stock has a market cap of $866.30 million, a PE ratio of 358.95 and a beta of 2.67. The business’s 50-day moving average is $47.44 and its 200 day moving average is $61.93.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ML shares. Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, November 7th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Finally, Northland Securities boosted their price objective on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $90.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd lifted its holdings in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the period. Point72 DIFC Ltd bought a new position in shares of MoneyLion in the third quarter worth about $40,000. EntryPoint Capital LLC purchased a new stake in shares of MoneyLion during the first quarter worth about $70,000. FMR LLC grew its position in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares in the last quarter. Finally, Fiducient Advisors LLC purchased a new stake in shares of MoneyLion during the second quarter worth about $204,000. 31.43% of the stock is 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.