MoneyLion Inc. (NYSE:ML) Insider Adam Vanwagner Sells 2,532 Shares

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $90.00, for a total transaction of $227,880.00. Following the completion of the sale, the insider now directly owns 100,601 shares of the company’s stock, valued at $9,054,090. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Adam Vanwagner also recently made the following trade(s):

• On Friday, November 15th, Adam Vanwagner sold 6,972 shares of MoneyLion stock. The shares were sold at an average price of $80.11, for a total transaction of $558,526.92.
• On Thursday, November 7th, Adam Vanwagner sold 6,165 shares of MoneyLion stock. The shares were sold at an average price of $70.00, for a total value of $431,550.00.

MoneyLion Stock Down 1.4 %

Shares of NYSE ML traded down $1.14 during midday trading on Friday, reaching $78.97. 283,682 shares of the stock were exchanged, compared to its average volume of 203,527. The firm has a 50-day simple moving average of $47.44 and a two-hundred day simple moving average of $61.93. MoneyLion Inc. has a twelve month low of $30.81 and a twelve month high of $106.82. The firm has a market cap of $866.30 million, a price-to-earnings ratio of 358.95 and a beta of 2.67.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a research note on Friday, October 4th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Northland Securities raised their price objective on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, MoneyLion has an average rating of “Buy” and an average target price of $90.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares in the last quarter. Driehaus Capital Management LLC boosted its position in MoneyLion by 77.1% during the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after acquiring an additional 96,433 shares during the last quarter. Renaissance Technologies LLC grew its stake in MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in MoneyLion during the 2nd quarter valued at about $13,427,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.