MoneyLion Inc. (NYSE:ML) Short Interest Update

MoneyLion Inc. (NYSE:ML - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 261,800 shares, a decrease of 28.0% from the November 30th total of 363,800 shares. Based on an average daily volume of 257,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 3.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

ML has been the topic of several research analyst reports. Lake Street Capital reissued a "hold" rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC reissued a "hold" rating and set a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Oppenheimer raised MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Cantor Fitzgerald raised MoneyLion to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Northland Securities raised their price target on MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Two 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 company's stock. According to MarketBeat.com, MoneyLion currently has a consensus rating of "Buy" and a consensus target price of $100.00.

Insiders Place Their Bets

In related news, Director Chris Sugden sold 25,000 shares of MoneyLion stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $86.22, for a total transaction 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 trade represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 6,094 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the transaction, the insider now directly owns 86,015 shares in the company, valued at approximately $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,632 shares of company stock worth $9,428,405 over the last three months. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in MoneyLion in the second quarter worth about $1,776,000. Private Ocean LLC bought a new stake in shares of MoneyLion during the 2nd quarter worth approximately $238,000. Commonwealth Equity Services LLC purchased a new position in MoneyLion during the 2nd quarter valued at $227,000. Rhumbline Advisers grew its position in MoneyLion by 4,346.9% in the 2nd quarter. Rhumbline Advisers now owns 10,895 shares of the company's stock valued at $801,000 after acquiring an additional 10,650 shares during the last quarter. Finally, Fiducient Advisors LLC purchased a new stake in MoneyLion in the second quarter worth $204,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Price Performance

Shares of MoneyLion stock traded down $0.82 on Friday, reaching $86.58. The company had a trading volume of 206,879 shares, compared to its average volume of 214,887. The firm has a market cap of $961.12 million, a price-to-earnings ratio of 393.55 and a beta of 3.07. The firm's 50-day moving average price is $74.61 and its two-hundred day moving average price is $62.38. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82.

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.