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Adam VanWagner, the Chief Legal Officer and Secretary of MoneyLion Inc. (NYSE:ML), recently reported a significant stock transaction in a filing with the Securities and Exchange Commission. The fintech company, currently valued at approximately $980 million, has seen its stock surge nearly 100% over the past six months. On February 24, VanWagner sold 1,753 shares of MoneyLion’s Class A common stock at a price of $85.76 per share, amounting to a total of $150,337.
In addition to the sale, VanWagner acquired shares through performance share units (PSUs) and restricted stock units (RSUs). On February 20, he acquired 9,765 shares of Class A common stock through PSUs at a price of $0.00, following the achievement of certain performance goals certified by the company’s Compensation Committee. On the same day, he also acquired 28,915 shares through RSUs, also at a price of $0.00. These RSUs will vest quarterly in twelve equal installments starting May 15, 2025, contingent upon VanWagner’s continued service with the company. According to InvestingPro data, MoneyLion maintains strong financial health with a current ratio of 6.33, indicating robust liquidity management.
The sale of shares was executed to cover tax liabilities associated with the vesting of these PSUs, as part of a pre-arranged trading plan under Rule 10b5-1. Following these transactions, VanWagner holds 93,318 shares of MoneyLion’s Class A common stock. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional exclusive insights available to subscribers. The company’s next earnings report is scheduled for March 7, 2025, which could be a significant catalyst for the stock price.
In other recent news, MoneyLion has garnered attention from analysts at Craig-Hallum, who maintained a Buy rating for the company with a price target of $105. This decision is based on expectations that MoneyLion will achieve a significant adjusted EBITDA by fiscal year 2025. The analyst’s price target reflects a 13x multiple on the company’s projected FY25 adjusted EBITDA, which is higher than the average for similar companies. Additionally, the price target considers the potential for MoneyLion to reach a $37.50 target price, which could trigger a contingent value rights payment. The analyst’s outlook suggests that MoneyLion is set to outperform its peers in the financial sector, with a robust growth trajectory for its adjusted EBITDA. These recent developments indicate confidence in MoneyLion’s ability to meet its financial targets and provide value to shareholders.
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