Adam Vanwagner Sells 4,478 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Adam Vanwagner sold 4,478 shares of MoneyLion stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $84.59, for a total transaction of $378,794.02. Following the completion of the sale, the insider now directly owns 116,271 shares in the company, valued at approximately $9,835,363.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MoneyLion Price Performance

ML stock opened at $82.51 on Thursday. MoneyLion Inc. has a 1 year low of $10.11 and a 1 year high of $87.00. The firm has a market capitalization of $867.95 million, a PE ratio of -28.45 and a beta of 2.68. The business has a 50 day simple moving average of $72.92 and a 200-day simple moving average of $57.35.

MoneyLion (NYSE:ML) last issued its earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. The business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $116.32 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period last year, the company earned ($1.29) EPS. On average, equities research analysts expect that MoneyLion Inc. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On MoneyLion

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in shares of MoneyLion in the 4th quarter valued at $35,000. Orion Capital Management LLC acquired a new position in MoneyLion in the third quarter valued at about $50,000. EntryPoint Capital LLC purchased a new position in MoneyLion during the first quarter worth about $70,000. SG Americas Securities LLC acquired a new stake in shares of MoneyLion during the first quarter valued at about $236,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of MoneyLion in the 4th quarter valued at approximately $248,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ML. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Lake Street Capital boosted their price objective on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Needham & Company LLC increased their target price on MoneyLion from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Craig Hallum lifted their price target on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $78.60.

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.