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

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

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 stock was 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 Stock Performance

Shares of ML opened at $85.81 on Wednesday. The stock has a 50-day simple moving average of $57.67 and a 200-day simple moving average of $62.61. The stock has a market capitalization of $952.49 million, a PE ratio of 390.36 and a beta of 3.08. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82.

Institutional Investors Weigh In On MoneyLion

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd raised 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 acquiring an additional 255 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion during the 3rd quarter worth about $40,000. FMR LLC raised its position in shares of MoneyLion by 154.6% during the 3rd 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 acquired a new stake in shares of MoneyLion during the 2nd quarter worth about $204,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of MoneyLion during the 2nd quarter worth about $227,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the subject of a number of research analyst reports. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of MoneyLion in a report on Tuesday, November 26th. Oppenheimer upgraded 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. Finally, Northland Securities lifted their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Six investment 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 target price of $97.86.

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.