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Richard Correia, President, CFO, and Treasurer of MoneyLion Inc. (NYSE:ML), recently sold 3,502 shares of the company’s Class A common stock, amounting to $300,331, at a price of $85.76 per share. The transaction, dated February 24, 2025, was executed to cover tax liabilities related to the vesting of performance share units (PSUs). The sale comes as MoneyLion, now valued at approximately $979 million, maintains a strong financial position with a current ratio of 6.33, indicating robust liquidity.
In addition to the sale, Correia acquired 19,543 shares on February 20, 2025, as part of a performance-based award from 2024. These shares were granted upon achieving specific performance goals, as certified by the company’s Compensation Committee. Furthermore, he received an additional 57,830 shares on February 24, 2025, through restricted stock units (RSUs), which will vest quarterly over the next three years, contingent on his continued service with MoneyLion.
Following these transactions, Correia’s direct ownership stands at 240,400 shares of MoneyLion’s Class A common stock.
In other recent news, MoneyLion has received a Buy rating from a Craig-Hallum analyst, who also maintained a price target of $105. This decision is based on the expectation that MoneyLion will achieve significant adjusted EBITDA by the fiscal year 2025. The analyst highlighted that the price target represents a 13x multiple on projected fiscal year 2025 adjusted EBITDA, which is higher than the average for similar companies in the financial product marketplace. Additionally, the price target considers the potential for MoneyLion to reach a $37.50 target price, which could trigger a contingent value rights payment. This reflects confidence in MoneyLion’s future performance and anticipated milestones. The analyst’s positive outlook suggests that MoneyLion is on track to outperform its peers in the financial sector. This projection is based on a premium multiple indicating a robust growth trajectory for the company’s adjusted EBITDA. The maintained price target of $105 is grounded in a thorough analysis of MoneyLion’s financial prospects and market position.
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