Adam Vanwagner Sells 5,326 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 5,326 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the transaction, the insider now directly owns 85,306 shares in the company, valued at approximately $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MoneyLion Trading Down 0.4 %

Shares of NYSE ML opened at $85.82 on Friday. The stock has a market cap of $952.64 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The company’s 50-day moving average price is $86.62 and its 200 day moving average price is $66.16.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ML shares. Northland Securities upped their price target 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. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th. Finally, Needham & Company LLC reissued a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $100.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ML. MMCAP International Inc. SPC purchased a new position in MoneyLion in the 4th quarter valued at about $41,435,000. Cooper Creek Partners Management LLC purchased a new position in MoneyLion in the 4th quarter valued at about $21,933,000. Tudor Investment Corp ET AL lifted its holdings in MoneyLion by 1,825.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock valued at $12,472,000 after purchasing an additional 137,473 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in MoneyLion in the 4th quarter valued at about $9,828,000. Finally, Nuveen Asset Management LLC lifted its holdings in MoneyLion by 138.7% in the 4th quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock valued at $15,016,000 after purchasing an additional 101,455 shares in the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

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.