Moneylion CLO Adam VanWagner sells $464,746 in stock

Published 21/02/2025, 02:22
Moneylion CLO Adam VanWagner sells $464,746 in stock

Adam VanWagner, Chief Legal Officer and Secretary of MoneyLion Inc. (NYSE:ML), recently sold 5,326 shares of the company’s Class A common stock. The transaction, executed on February 18, 2025, was valued at approximately $464,746, with the shares sold at a price of $87.26 each. The sale comes as MoneyLion, currently valued at nearly $980 million, has seen its stock surge 84.7% over the past year. According to InvestingPro analysis, the company appears to be trading near its Fair Value.

This sale was part of a pre-arranged plan to cover tax liabilities associated with the vesting of restricted stock units (RSUs) and performance share units (PSUs). Following the transaction, VanWagner retains ownership of 85,306 shares, which include RSUs and PSUs that entitle him to receive shares of MoneyLion’s common stock in the future. The company maintains strong liquidity with a current ratio of 6.33 and has posted impressive revenue growth of 23.4% in the last twelve months. InvestingPro subscribers can access 8 additional key insights about MoneyLion’s financial health and growth prospects, along with a comprehensive Pro Research Report available for this and 1,400+ other US stocks.

In other recent news, MoneyLion has received attention from Craig-Hallum, where an analyst has maintained a Buy rating with a price target of $105. This decision is supported by expectations of significant adjusted EBITDA growth by fiscal year 2025. The analyst noted that the price target reflects a 13x multiple on the projected FY25 adjusted EBITDA, which is higher than the average for similar companies. The potential for MoneyLion to achieve a $37.50 target price could also trigger a contingent value rights payment, signaling additional confidence in the company’s future performance. This outlook suggests that MoneyLion is positioned to outperform its peers in the financial sector. The analyst’s assessment reflects a positive view of MoneyLion’s growth trajectory and its ability to meet financial targets. These recent developments indicate a strong belief in MoneyLion’s potential to deliver value to its shareholders.

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