MoneyLion Inc. (NYSE:ML) Insider Adam Vanwagner Sells 6,972 Shares

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 6,972 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $80.11, for a total value of $558,526.92. Following the completion of the sale, the insider now owns 93,629 shares in the company, valued at $7,500,619.19. The trade was a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 13th, Adam Vanwagner sold 2,532 shares of MoneyLion stock. The shares were sold at an average price of $90.00, for a total transaction of $227,880.00.
• 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 transaction of $431,550.00.

MoneyLion Price Performance

ML stock opened at $78.97 on Friday. MoneyLion Inc. has a fifty-two week low of $30.81 and a fifty-two week high of $106.82. The business has a fifty day moving average price of $48.21 and a 200 day moving average price of $62.01. The stock has a market capitalization of $866.30 million, a price-to-earnings ratio of 358.95 and a beta of 2.67.

Analyst Ratings Changes

ML has been the subject of a number of recent analyst reports. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of MoneyLion in a report on Friday, October 4th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Northland Securities lifted their target price on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $90.71.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ML. Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion in the 2nd quarter valued at $13,427,000. Bank of Montreal Can lifted its position in shares of MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after purchasing an additional 98,680 shares in the last quarter. Driehaus Capital Management LLC grew its stake in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after purchasing an additional 96,433 shares in the last quarter. Renaissance Technologies LLC increased its holdings in MoneyLion by 64.2% during the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in shares of MoneyLion during the 1st quarter worth about $3,742,000. Institutional investors and hedge funds 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.