MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey Sells 18,506 Shares

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 18,506 shares of MoneyLion stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $1,614,833.56. Following the completion of the sale, the chief executive officer now directly owns 320,865 shares in the company, valued at $27,998,679.90. This represents a 5.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 29th, Diwakar Choubey sold 16,080 shares of MoneyLion stock. The shares were 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 value of $64,807.20.

MoneyLion Price Performance

MoneyLion stock traded down $0.06 during mid-day trading on Thursday, hitting $86.24. 319,848 shares of the company’s stock traded hands, compared to its average volume of 156,498. The firm has a 50 day simple moving average of $86.65 and a two-hundred day simple moving average of $65.98. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The stock has a market cap of $957.29 million, a price-to-earnings ratio of 392.01 and a beta of 3.06.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC acquired a new stake in MoneyLion during the 4th quarter valued at $2,177,000. Orion Capital Management LLC acquired a new stake in shares of MoneyLion during the fourth quarter worth $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of MoneyLion during the fourth quarter worth $1,055,000. Toronto Dominion Bank acquired a new stake in shares of MoneyLion during the fourth quarter worth $4,303,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of MoneyLion by 96.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock worth $11,018,000 after buying an additional 62,794 shares in the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, November 7th. Northland Securities increased their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Lake Street Capital reissued a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $100.00.

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.