MoneyLion Inc. (NYSE:ML) Short Interest Update

MoneyLion Inc. (NYSE:ML) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 787,900 shares, a decrease of 18.5% from the August 15th total of 967,100 shares. Based on an average daily trading volume, of 255,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 14.1% of the company’s shares are sold short.

MoneyLion Stock Up 5.9 %

ML stock opened at $43.59 on Monday. The business has a 50 day moving average of $55.29 and a 200 day moving average of $68.09. The firm has a market cap of $458.48 million, a PE ratio of -15.03 and a beta of 2.70. MoneyLion has a twelve month low of $17.40 and a twelve month high of $106.82.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $130.90 million during the quarter, compared to analyst estimates of $127.03 million. During the same quarter in the previous year, the firm earned ($0.42) EPS. MoneyLion’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, research analysts expect that MoneyLion will post 1.4 earnings per share for the current fiscal year.

Insider Activity at MoneyLion

In other news, insider Timmie Hong sold 7,535 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65. Following the completion of the sale, the insider now directly owns 115,697 shares in the company, valued at $9,717,391.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MoneyLion news, CEO Diwakar Choubey sold 17,647 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total value of $1,527,524.32. Following the completion of the transaction, the chief executive officer now directly owns 736,513 shares in the company, valued at approximately $63,752,565.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmie Hong sold 7,535 shares of MoneyLion stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65. Following the sale, the insider now directly owns 115,697 shares in the company, valued at approximately $9,717,391.03. The disclosure for this sale can be found here. Insiders sold 64,403 shares of company stock worth $3,929,256 in the last three months. 14.10% of the stock is owned by insiders.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors have recently made changes to their positions in the company. Jump Financial LLC purchased a new stake in MoneyLion during the 4th quarter valued at $1,148,000. Trexquant Investment LP purchased a new stake in shares of MoneyLion during the fourth quarter valued at $1,251,000. B. Riley Wealth Advisors Inc. bought a new stake in MoneyLion in the 4th quarter worth about $248,000. GSA Capital Partners LLP raised its position in MoneyLion by 13.5% in the 1st quarter. GSA Capital Partners LLP now owns 18,223 shares of the company’s stock worth $1,300,000 after buying an additional 2,165 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after acquiring an additional 2,125 shares during the period. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ML shares. Needham & Company LLC cut their price objective on MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a research note on Tuesday, June 25th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $95.00.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.