MoneyLion Inc. (NYSE:ML) Insider Adam Vanwagner Sells 2,994 Shares

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,994 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $79.40, for a total value of $237,723.60. Following the sale, the insider now owns 90,635 shares in the company, valued at $7,196,419. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Adam Vanwagner also recently made the following trade(s):

• On Friday, November 15th, Adam Vanwagner sold 6,972 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total value of $558,526.92.
• On Wednesday, November 13th, Adam Vanwagner sold 2,532 shares of MoneyLion stock. The stock was sold at an average price of $90.00, for a total value of $227,880.00.
• On Thursday, November 7th, Adam Vanwagner sold 6,165 shares of MoneyLion stock. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00.

MoneyLion Trading Down 5.6 %

Shares of NYSE:ML opened at $78.45 on Thursday. The firm has a 50 day simple moving average of $50.66 and a 200-day simple moving average of $62.23. The company has a market capitalization of $870.74 million, a PE ratio of 356.57 and a beta of 2.67. MoneyLion Inc. has a twelve month low of $33.01 and a twelve month high of $106.82.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors and hedge funds have recently bought and sold shares of ML. Marshall Wace LLP increased its position in shares of MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Vanguard Group Inc. lifted its position in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares during the period. Driehaus Capital Management LLC grew its stake in shares of MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after purchasing an additional 96,433 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after purchasing an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion in the second quarter valued at approximately $13,427,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ML shares. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Securities upped their price objective on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a report on Friday, October 4th. Finally, 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. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $90.71.

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.