MoneyLion Inc. (NYSE:ML) CEO Sells $1,612,854.63 in Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 20,133 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following the completion of the sale, the chief executive officer now owns 690,825 shares of the company’s stock, valued at $55,341,990.75. This trade represents a 2.83 % decrease in their position. The sale 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 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 transaction of $488,088.44.

MoneyLion Price Performance

Shares of NYSE ML opened at $78.97 on Monday. The company has a market cap of $866.30 million, a PE ratio of 358.95 and a beta of 2.67. MoneyLion Inc. has a 12 month low of $30.81 and a 12 month high of $106.82. The company has a 50-day simple moving average of $48.21 and a 200-day simple moving average of $61.95.

Institutional Investors Weigh In On MoneyLion

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after acquiring an additional 9,106 shares during the last quarter. Barclays PLC boosted its position in shares of MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after acquiring an additional 4,735 shares during the last quarter. State Street Corp boosted its position in shares of MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after acquiring an additional 5,108 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion in the third quarter worth approximately $40,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of MoneyLion in the third quarter worth approximately $574,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.