MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey Sells 5,422 Shares of Stock

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 5,422 shares of MoneyLion stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $90.02, for a total value of $488,088.44. Following the completion of the sale, the chief executive officer now owns 710,958 shares in the company, valued at approximately $64,000,439.16. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 15th, Diwakar Choubey sold 20,133 shares of MoneyLion stock. The stock was sold at an average price of $80.11, for a total value of $1,612,854.63.

MoneyLion Price Performance

MoneyLion stock opened at $78.97 on Friday. The firm’s 50-day moving average is $48.21 and its two-hundred day moving average is $62.01. The stock has a market capitalization of $866.30 million, a P/E 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.

Institutional Trading of MoneyLion

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd lifted its position in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares during the period. Point72 DIFC Ltd acquired a new position in shares of MoneyLion during the 3rd quarter valued at about $40,000. FMR LLC boosted its position in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of MoneyLion in the first quarter worth approximately $70,000. Finally, Quest Partners LLC grew its holdings in MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research note on Friday, October 4th. Northland Securities boosted their price objective on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Oppenheimer raised 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. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target 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.