MoneyLion chief product officer sells $350,436 in stock

Published 21/02/2025, 02:22
MoneyLion chief product officer sells $350,436 in stock

NEW YORK—Timmie Hong, Chief Product Officer at MoneyLion Inc. (NYSE:ML), recently sold 4,016 shares of the company’s Class A common stock. The sale, which took place on February 18, 2025, was executed at a price of $87.26 per share, amounting to a total transaction value of $350,436. The fintech company, currently valued at approximately $980 million, has seen its stock surge nearly 100% over the past six months, according to InvestingPro data.

The transaction was conducted as part of a pre-arranged trading plan to cover tax liabilities associated with the vesting of restricted stock units (RSUs) and performance share units (PSUs). Following this sale, Hong retains ownership of 86,995 shares, including RSUs and PSUs, which represent a contingent right to receive one share of Class A common stock each. InvestingPro analysis indicates MoneyLion is currently trading near Fair Value, with analysts projecting profitability this year. Get access to 8 more exclusive ProTips and comprehensive valuation metrics with InvestingPro’s detailed research report.

This move is part of a mandatory instruction in the award agreement adopted by Hong, designed to satisfy the affirmative defense conditions under Rule 10b5-1(c) of the Securities Exchange Act of 1934. The stock currently trades at a P/E ratio of 287x, reflecting investors’ high growth expectations for the company, which has maintained strong liquidity with a current ratio of 6.33.

In other recent news, MoneyLion has garnered attention from Craig-Hallum, which maintained a Buy rating on the company with a price target set at $105. This decision is grounded in the expectation that MoneyLion will achieve significant adjusted EBITDA by the fiscal year 2025. The analyst from Craig-Hallum emphasized that the $105 price target is based on a 13x multiple of the projected fiscal year 2025 adjusted EBITDA, a figure that surpasses the average multiples for similar companies in the financial product marketplace. Additionally, the analyst highlighted the potential for MoneyLion to reach a $37.50 target price, which could trigger a contingent value rights payment, further indicating confidence in the company’s future performance. The firm’s assessment suggests a robust growth trajectory for MoneyLion’s adjusted EBITDA, positioning the company to potentially outperform its peers in the financial sector. These developments reflect a positive outlook for MoneyLion, with the analysis indicating that the company is on track to meet its financial targets and deliver shareholder value.

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