MoneyLion Inc. (NYSE:ML) Short Interest Up 57.2% in July

MoneyLion Inc. (NYSE:ML) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 991,300 shares, a growth of 57.2% from the June 30th total of 630,400 shares. Based on an average daily trading volume, of 228,500 shares, the short-interest ratio is presently 4.3 days. Approximately 17.9% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ML. Lake Street Capital upped their price target on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Craig Hallum increased their price objective on MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Monday, June 24th. Finally, B. Riley reissued a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $101.00.

Insider Buying and Selling

In related news, insider Timmie Hong sold 7,535 shares of the company’s stock in a transaction that occurred on 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 $9,717,391.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Richard Correia sold 28,675 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $90.40, for a total value of $2,592,220.00. Following the completion of the transaction, the chief financial officer now directly owns 232,325 shares of the company’s stock, valued at $21,002,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timmie Hong sold 7,535 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $83.99, for a total value of $632,864.65. Following the completion of the transaction, the insider now directly owns 115,697 shares of the company’s stock, valued at $9,717,391.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,185 shares of company stock worth $8,336,133. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the period. Hood River Capital Management LLC acquired a new position in MoneyLion during the 1st quarter valued at approximately $3,742,000. Acadian Asset Management LLC boosted its position in MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after purchasing an additional 24,193 shares during the period. Russell Investments Group Ltd. acquired a new position in MoneyLion during the 1st quarter valued at approximately $3,110,000. Finally, Bank of New York Mellon Corp acquired a new position in MoneyLion during the 2nd quarter valued at approximately $1,776,000. 31.43% of the stock is currently owned by institutional investors.

MoneyLion Stock Down 0.3 %

Shares of NYSE ML opened at $70.23 on Friday. MoneyLion has a 1-year low of $11.60 and a 1-year high of $106.82. The stock has a fifty day moving average price of $80.05 and a 200 day moving average price of $68.55.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $116.32 million. During the same period in the previous year, the business earned ($1.29) EPS. The business’s quarterly revenue was up 29.1% on a year-over-year basis. As a group, sell-side analysts expect that MoneyLion will post 1.45 EPS for the current fiscal year.

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.