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Mark Torossian, the Chief Accounting Officer of MoneyLion Inc. (NYSE:ML), recently sold shares valued at $23,927. The fintech company, currently valued at nearly $980 million, has seen its stock surge 76% over the past year. According to a recent SEC filing, Torossian divested 279 shares of Class A Common Stock at a price of $85.76 per share on February 24, 2025. This sale was part of a transaction to cover tax liabilities related to the vesting of performance share units (PSUs). InvestingPro analysis indicates the stock is currently trading below its Fair Value.
In addition to the sale, Torossian acquired 2,211 shares of Class A Common Stock on February 20, 2025, without any monetary transaction, as these shares were part of a performance-based award. Additionally, he received 1,446 shares of Class A Common Stock through the vesting of restricted stock units (RSUs) granted on the same day. These acquisitions were part of long-term incentive plans tied to performance and service conditions.
Following these transactions, Torossian’s total direct ownership stands at 19,656 shares.
In other recent news, MoneyLion has received a maintained Buy rating from a Craig-Hallum analyst, with a price target set at $105. This decision is influenced by expectations that MoneyLion will achieve significant adjusted EBITDA by fiscal year 2025. The analyst highlights that the $105 price target represents 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 to reach a $37.50 target price, which could trigger a contingent value rights payment. This suggests confidence in MoneyLion’s future performance and anticipated milestones. The analyst’s projection indicates that MoneyLion is poised to outperform its peers in the financial sector. This outlook is based on a premium multiple that suggests a strong growth trajectory for the company’s adjusted EBITDA. The maintained price target reflects a detailed analysis of MoneyLion’s financial prospects and market comparisons.
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