Short Interest in MoneyLion Inc. (NYSE:ML) Drops By 21.7%

MoneyLion Inc. (NYSE:ML) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 363,800 shares, a decrease of 21.7% from the November 15th total of 464,500 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily volume of 219,500 shares, the days-to-cover ratio is currently 1.7 days.

Insider Transactions at MoneyLion

In related news, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the completion of the sale, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This represents a 5.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Chris Sugden sold 25,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $86.22, for a total value of $2,155,500.00. Following the sale, the director now owns 1,062,505 shares of the company’s stock, valued at approximately $91,609,181.10. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,538 shares of company stock valued at $8,899,202. 11.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds have recently added to or reduced their stakes in ML. SG Americas Securities LLC boosted its position in shares of MoneyLion by 500.7% during the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after buying an additional 16,592 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MoneyLion during the third quarter valued at approximately $574,000. Marshall Wace LLP boosted its position in shares of MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after buying an additional 46,611 shares during the last quarter. Bank of Montreal Can boosted its position in shares of MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of MoneyLion during the second quarter valued at approximately $1,579,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Trading Down 1.5 %

NYSE ML traded down $1.31 during trading hours on Monday, hitting $86.07. 300,668 shares of the company’s stock were exchanged, compared to its average volume of 214,317. MoneyLion has a 1-year low of $36.65 and a 1-year high of $106.82. The stock has a 50-day simple moving average of $66.92 and a 200 day simple moving average of $62.37. The firm has a market cap of $955.46 million, a price-to-earnings ratio of 391.23 and a beta of 3.08.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ML shares. Lake Street Capital reiterated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Finally, Northland Securities increased their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $100.00.

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.