Short Interest in MoneyLion Inc. (NYSE:ML) Decreases By 18.5%

MoneyLion Inc. (NYSE:ML) was the target of a significant decrease in short interest in 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. Approximately 14.1% of the company’s shares are sold short. Based on an average daily trading volume, of 255,000 shares, the short-interest ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and set a $133.00 price target on shares of MoneyLion in a report on Tuesday, June 25th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $95.00.

Insider Activity at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 811 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10. Following the transaction, the chief accounting officer now owns 21,395 shares of the company’s stock, valued at $964,914.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other MoneyLion news, CEO Diwakar Choubey sold 17,647 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the transaction, the chief executive officer now owns 736,513 shares of the company’s stock, valued at $63,752,565.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mark Torossian sold 811 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the transaction, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,141 shares of company stock valued at $5,769,897. Company insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Several hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in shares of MoneyLion during the 1st quarter worth about $70,000. Fiducient Advisors LLC bought a new stake in shares of MoneyLion during the 2nd quarter worth about $204,000. Commonwealth Equity Services LLC bought a new stake in shares of MoneyLion during the 2nd quarter worth about $227,000. SG Americas Securities LLC bought a new stake in shares of MoneyLion during the 1st quarter worth about $236,000. Finally, Private Ocean LLC bought a new stake in shares of MoneyLion during the 2nd quarter worth about $238,000. 31.43% of the stock is currently owned by institutional investors.

MoneyLion Stock Performance

MoneyLion stock opened at $43.59 on Friday. The firm’s 50-day moving average is $55.29 and its 200-day moving average is $67.96. MoneyLion has a 1 year low of $17.40 and a 1 year high of $106.82. The company has a market cap of $458.48 million, a P/E ratio of -15.03 and a beta of 2.70.

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 analysts’ consensus estimates of ($0.01) by $0.27. The company had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the firm posted ($0.42) EPS. As a group, sell-side analysts predict that MoneyLion will post 1.4 earnings per share for the current year.

MoneyLion Company Profile

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.