Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Richard Correia, President, CFO, and Treasurer of MoneyLion Inc. (NYSE:ML), recently sold 11,490 shares of the company’s Class A common stock. The fintech company, currently valued at nearly $980 million, has demonstrated strong performance with an impressive 84.7% return over the past year, according to InvestingPro data. The sale, conducted on February 18, amounted to approximately $1,002,617, with shares sold at an average price of $87.26 each. This transaction was part of a pre-arranged plan to cover tax liabilities related to the vesting of restricted and performance share units. Following the sale, Correia retains ownership of 166,529 shares in the company. MoneyLion maintains a strong financial position with a current ratio of 6.33, indicating robust liquidity. InvestingPro analysis reveals 8 additional key insights about MoneyLion’s growth prospects and financial health, available in the comprehensive Pro Research Report.
In other recent news, MoneyLion’s financial outlook has garnered attention with a Craig-Hallum analyst maintaining a Buy rating and a price target of $105. This decision is based on expectations that MoneyLion will achieve significant adjusted EBITDA by fiscal year 2025. The analyst’s rationale includes a 13x multiple on the projected FY25 adjusted EBITDA, which is higher than the average for similar companies trading between 6 to 17 times their projected EBITDA. The $105 price target also considers the potential for MoneyLion to reach a $37.50 target price, which could trigger a contingent value rights payment. This reflects additional confidence in MoneyLion’s future performance and anticipated milestones. The analyst’s projection suggests MoneyLion is poised to outperform peers in the financial sector. The maintained price target underscores a positive outlook, indicating that MoneyLion is on track to meet its financial goals and deliver value to shareholders.
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