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 firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the completion of the sale, the insider now directly owns 85,306 shares in the company, valued at $7,443,801.56. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

MoneyLion Stock Down 0.1 %

MoneyLion stock traded down $0.06 during trading on Thursday, hitting $86.24. The stock had a trading volume of 319,848 shares, compared to its average volume of 156,498. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year 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. The stock’s 50 day moving average is $86.65 and its two-hundred day moving average is $65.84.

Wall Street Analyst Weigh In

ML has been the subject of several research analyst reports. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. Finally, Northland Securities upped their price objective on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, MoneyLion currently has a consensus rating of “Buy” and an average target price of $100.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alpine Global Management LLC purchased a new position in shares of MoneyLion during the fourth quarter valued at approximately $2,177,000. Orion Capital Management LLC purchased a new stake in MoneyLion in the 4th quarter worth $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of MoneyLion in the 4th quarter worth about $1,055,000. Toronto Dominion Bank bought a new position in MoneyLion during the 4th quarter valued at about $4,303,000. Finally, Silvercrest Asset Management Group LLC grew its holdings in MoneyLion by 96.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock valued at $11,018,000 after purchasing an additional 62,794 shares during the last quarter. 31.43% of the stock is owned by 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.