Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells $464,746.76 in Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 5,326 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the transaction, the insider now owns 85,306 shares in the company, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MoneyLion Price Performance

ML stock opened at $85.82 on Friday. The company has a fifty day moving average price of $86.62 and a two-hundred day moving average price of $66.28. The stock has a market cap of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ML. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities lifted their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $100.00.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors have recently modified their holdings of ML. Covestor Ltd boosted its position in shares of 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. Los Angeles Capital Management LLC bought a new stake in shares of MoneyLion in the third quarter valued at about $894,000. GSA Capital Partners LLP boosted its position in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after acquiring an additional 1,360 shares during the period. Empowered Funds LLC boosted its position in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,742 shares during the period. Finally, Quest Partners LLC boosted its position in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares during the period. Institutional investors own 31.43% of the company’s stock.

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.