MoneyLion Inc. (NYSE:ML) Short Interest Up 79.3% in February

MoneyLion Inc. (NYSE:ML) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 814,600 shares, a growth of 79.3% from the February 13th total of 454,300 shares. Based on an average daily trading volume, of 220,700 shares, the days-to-cover ratio is currently 3.7 days. Currently, 11.2% of the shares of the stock are short sold.

Insider Transactions at MoneyLion

In related news, insider Adam Vanwagner sold 5,326 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $464,746.76. Following the transaction, the insider now owns 85,306 shares of the company’s stock, valued at approximately $7,443,801.56. This represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Correia sold 3,502 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $300,331.52. Following the sale, the chief financial officer now owns 182,570 shares in the company, valued at approximately $15,657,203.20. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,403 shares of company stock valued at $5,245,538 in the last 90 days. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its stake in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in MoneyLion in the third quarter valued at approximately $894,000. GSA Capital Partners LLP raised its stake in shares of MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after purchasing an additional 1,360 shares during the period. Empowered Funds LLC lifted its position in shares of MoneyLion by 5.2% during the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. 31.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ML. B. Riley downgraded MoneyLion from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Northland Securities lifted 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. Lake Street Capital reiterated a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

MoneyLion Trading Up 0.0 %

ML traded up $0.00 during trading on Friday, hitting $86.22. 59,703 shares of the company’s stock were exchanged, compared to its average volume of 211,003. The stock has a 50 day moving average price of $86.71 and a 200 day moving average price of $70.66. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82. The firm has a market cap of $976.02 million, a P/E ratio of 391.91 and a beta of 3.04.

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.