Insider Selling: MoneyLion Inc. (NYSE:ML) Director Sells 25,000 Shares of Stock

MoneyLion Inc. (NYSE:ML) Director Chris Sugden sold 25,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $86.22, for a total value of $2,155,500.00. Following the completion of the transaction, the director now owns 1,062,505 shares of the company’s stock, valued at $91,609,181.10. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

MoneyLion Trading Up 14.3 %

ML stock traded up $11.01 during midday trading on Tuesday, hitting $88.02. The stock had a trading volume of 1,657,853 shares, compared to its average volume of 208,022. The firm has a market cap of $977.11 million, a P/E ratio of 397.73 and a beta of 3.08. The business has a fifty day moving average price of $62.06 and a two-hundred day moving average price of $62.72. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Institutional Investors Weigh In On MoneyLion

Several institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its holdings in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the period. Point72 DIFC Ltd acquired a new position in MoneyLion during the 3rd quarter worth approximately $40,000. FMR LLC boosted its holdings in 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. Quest Partners LLC grew its stake in 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. Finally, Fiducient Advisors LLC bought a new stake in shares of MoneyLion during the second quarter valued at approximately $204,000. Institutional investors own 31.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. 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. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of MoneyLion in a research note on Tuesday, November 26th. Finally, Northland Securities boosted their price objective 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 assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.