MoneyLion Inc. (NYSE:ML) Director Jeffrey Gary recently sold shares of the company's stock, according to a new SEC filing. The transaction, which took place on March 15, 2024, involved the sale of 945 shares at a weighted average price of $61.1016 per share, totaling over $57,741.
The shares were sold in multiple trades with prices ranging from $61.0911 to $61.3400. Following the sale, Gary still owns a total of 7,731 shares in the company, which includes restricted stock units that are convertible into shares of MoneyLion's Class A Common Stock.
The recent transaction comes after MoneyLion underwent a reverse stock split on April 24, 2023, where every 30 shares of Class A Common Stock were reclassified into one new share. This action also led to adjustments in the company's outstanding equity awards and the pricing of these awards.
Investors and shareholders interested in the specifics of the trades, including the number of shares sold at each price point, can request detailed information from Jeffrey Gary as per the SEC's regulations.
The filing was signed on behalf of Jeffrey Gary by Adam VanWagner, who is acting as Attorney-in-Fact. The SEC filing provides transparency into the trading activities of the company's directors and is a routine disclosure for transactions involving equity securities.
InvestingPro Insights
As MoneyLion Inc. navigates through the financial landscape post its reverse stock split, investors are closely monitoring its performance. According to real-time data from InvestingPro, MoneyLion boasts a market capitalization of $656.12 million. Despite the challenges, the company has demonstrated resilience with a robust revenue growth of 24.27% over the last twelve months as of Q4 2023. This growth is mirrored in its gross profit, which stands at $203.18 million, indicating a healthy gross profit margin of 47.98%.
InvestingPro Tips suggest that MoneyLion's stock price has experienced significant volatility, with a sharp decline over the past week, but it has also shown a strong return over the last three months and an impressive six-month price total return of 156.09%. The company's stock trades with high price volatility, which might attract certain investors looking for dynamic trading opportunities. Additionally, analysts predict that MoneyLion will be profitable this year, which could provide a positive outlook for potential investors.
For those considering an investment in MoneyLion, it's worth noting that the company does not pay a dividend, which may influence the decision-making process for income-focused investors. For more detailed analysis and additional InvestingPro Tips, interested parties can visit the MoneyLion page on InvestingPro. To enhance their investment research, users can also take advantage of a special offer using coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With 13 additional tips listed in InvestingPro, investors have a wealth of information to help guide their investment decisions.
MoneyLion's next earnings date is slated for May 9, 2024, which will be a critical event for the company and its shareholders. The fair value of MoneyLion's stock, as estimated by analysts, stands at $90, while InvestingPro's fair value assessment is at $61.7, providing a range for investors to consider in their valuation analysis.
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