Diwakar Choubey Sells 5,253 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,253 shares of MoneyLion stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $450,497.28. Following the sale, the chief executive officer now directly owns 344,928 shares of the company’s stock, valued at $29,581,025.28. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Diwakar Choubey also recently made the following trade(s):

• On Tuesday, February 18th, Diwakar Choubey sold 18,506 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total value of $1,614,833.56.
• 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 Wednesday, November 27th, Diwakar Choubey sold 720 shares of MoneyLion stock. The shares were sold at an average price of $90.01, for a total transaction of $64,807.20.

MoneyLion Stock Performance

Shares of MoneyLion stock opened at $86.04 on Thursday. The company has a market capitalization of $955.13 million, a P/E ratio of 391.09 and a beta of 3.06. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82. The company’s fifty day moving average is $86.60 and its two-hundred day moving average is $67.14.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ML. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $90.00 in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Finally, Northland Securities upped their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, MoneyLion presently has a consensus rating of “Moderate Buy” and an average target price of $92.83.

Hedge Funds Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently made changes to their positions in ML. MMCAP International Inc. SPC purchased a new stake in MoneyLion during the 4th quarter valued at approximately $41,435,000. Vanguard Group Inc. raised its stake in shares of MoneyLion by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 387,269 shares of the company’s stock worth $33,309,000 after purchasing an additional 10,191 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of MoneyLion by 20.7% during the fourth quarter. Renaissance Technologies LLC now owns 276,061 shares of the company’s stock worth $23,744,000 after purchasing an additional 47,300 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of MoneyLion by 54.0% during the fourth quarter. Marshall Wace LLP now owns 259,461 shares of the company’s stock worth $22,316,000 after purchasing an additional 90,929 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new position in MoneyLion in the 4th quarter valued at $21,933,000. Hedge funds and other 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.