The stock of MoneyGram International Inc. (NASDAQ:MGI) last traded at $10.83, down -0.18% from the previous session.
Data from the available sources indicates that MoneyGram International Inc. (NASDAQ:MGI) is covered by 1 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $11.00, we find $11.00. Given the previous closing price of $10.85, this indicates a potential upside of 1.38 percent. MGI stock price is now -0.35% away from the 50-day moving average and 3.33% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
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In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.
With the price target enhanced from $8 to $10, JP Morgan Upgraded its rating from Underweight to Neutral for MoneyGram International Inc. (NASDAQ: MGI). On January 11, 2021, Northland Capital Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $9.50, while ‘Evercore ISI’ rates the stock as ‘In-line’.
In other news, Villasenor Robert L, GC, Corp Sec and CAO sold 21,597 shares of the company’s stock on Mar 07. The stock was sold for $230,224 at an average price of $10.66. Upon completion of the transaction, the GC, Corp Sec and CAO now directly owns 357,415 shares in the company, valued at $3.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, Chief Compliance Officer Villareal Andres sold 13,804 shares of the business’s stock. A total of $147,151 was realized by selling the stock at an average price of $10.66. This leaves the insider owning 516,440 shares of the company worth $5.59 million. Insiders disposed of 167,818 shares of company stock worth roughly $1.82 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MGI stock. A new stake in MoneyGram International Inc. shares was purchased by NEXPOINT ASSET MANAGEMENT, L.P. during the first quarter worth $51,084,000. GLAZER CAPITAL, LLC invested $18,544,000 in shares of MGI during the first quarter. In the first quarter, TIBRA EQUITIES EUROPE LTD acquired a new stake in MoneyGram International Inc. valued at approximately $16,668,000. INDEXIQ ADVISORS LLC acquired a new stake in MGI for approximately $6,374,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in MGI valued at around $3,740,000 in the second quarter. In total, there are 246 active investors with 89.60% ownership of the company’s stock.
With an opening price of $10.88 on Monday morning, MoneyGram International Inc. (NASDAQ: MGI) set off the trading day. During the past 12 months, MoneyGram International Inc. has had a low of $9.18 and a high of $10.96. The fifty day moving average price for MGI is $10.87 and a two-hundred day moving average price translates $10.48 for the stock.
The latest earnings results from MoneyGram International Inc. (NASDAQ: MGI) was released for Sep, 2022. According to the Credit Services Company, earnings per share came in at $0.11, missing analysts’ expectations of $0.13 by -0.02. This compares to $0.06 EPS in the same period last year. The net profit margin was 2.60% and return on equity was -19.50% for MGI. The company reported revenue of $342.1 million for the quarter, compared to $324.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.39 percent. For the current quarter, analysts expect MGI to generate $338.25M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/02/2008. Investors who held shares on 12/14/2007 were paid a $0.05 dividend.
MoneyGram International Inc.(MGI) Company Profile
MoneyGram International, Inc., together with its subsidiaries, provides cross-border peer-to-peer payments and money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, account deposit, and kiosk-based services, as well as mobile app solutions. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions under the MoneyGram brand and on a private label or co-branded basis with various agents and financial institutions; and official check outsourcing services for banks and credit unions. MoneyGram International, Inc. was incorporated in 2003 and is based in Dallas, Texas.
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