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Mark Torossian, the Chief Accounting Officer of MoneyLion Inc. (NYSE:ML), a fintech company with a market capitalization of $979 million and an impressive 84.7% return over the past year, recently sold shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The transactions, which took place on February 18 and February 20, involved the sale of a total of 2,334 shares, generating proceeds of $202,035. The shares were sold at prices ranging from $85.90 to $87.26 per share.
These sales were conducted under a Rule 10b5-1 trading plan, a pre-arranged plan that allows company insiders to trade stock at predetermined times to avoid accusations of insider trading. The sales were part of a strategy by Torossian to cover tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs), as noted in the filing. According to InvestingPro data, MoneyLion shows strong liquidity with a current ratio of 6.33, though it trades at a relatively high P/E ratio of 287.
Following these transactions, Torossian retains ownership of 16,278 shares of MoneyLion’s Class A common stock. Based on InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at its current price of $86.20, with the company scheduled to report its next earnings on March 7, 2025.
In other recent news, MoneyLion has received attention from Craig-Hallum, which maintained a Buy rating on the company with a price target of $105. This decision stems from expectations that MoneyLion will achieve significant adjusted EBITDA by the fiscal year 2025. The analyst’s commentary emphasized a 13x multiple on the projected FY25 adjusted EBITDA, which is higher than the average for similar companies in the financial product marketplace. The 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 the analyst’s confidence in MoneyLion’s future performance and anticipated milestones. The analyst’s outlook suggests that MoneyLion is set to outperform its peers in the financial sector. Craig-Hallum’s analysis indicates a robust growth trajectory for MoneyLion’s adjusted EBITDA. These developments highlight a positive outlook for MoneyLion’s financial targets and shareholder value.
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