MoneyGram International Inc. (NASDAQ:MGI) shares traded -0.09% lower at $10.95 on Wall Street last session.
In accordance with the data, 1 analysts cover MoneyGram International Inc. (NASDAQ:MGI). 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 $10.96, this indicates a potential upside of 0.36 percent. MGI stock price is now 4.28% away from the 50-day moving average and 3.05% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
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It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.
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Insiders disposed of 434,589 shares of company stock worth roughly $4.76 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 VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $10,839,000. LMR PARTNERS LLP invested $9,888,000 in shares of MGI during the first quarter. In the first quarter, ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in MoneyGram International Inc. valued at approximately $8,760,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in MGI for approximately $8,704,000. HUDSON BAY CAPITAL MANAGEMENT LP purchased a new stake in MGI valued at around $6,724,000 in the second quarter. In total, there are 246 active investors with 89.60% ownership of the company’s stock.
MoneyGram International Inc. (NASDAQ: MGI) opened at $10.97 on Tuesday. During the past 12 months, MoneyGram International Inc. has had a low of $8.59 and a high of $10.97. According to the stock market information, the enterprise value for the company is $-859.78M, which is based on a 32.21 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for MGI is $10.51 and a two-hundred day moving average price translates $10.63 for the stock.
The latest earnings results from MoneyGram International Inc. (NASDAQ: MGI) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $0.11, missing analysts’ expectations of $0.16 by -0.05. This compares to $0.05 EPS in the same period last year. The net profit margin was 2.50% and return on equity was -20.70% for MGI. The company reported revenue of $337.5 million for the quarter, compared to $307.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.72 percent. For the current quarter, analysts expect MGI to generate $353.66M 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. It 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 founded in 1940 and is based in Dallas, Texas.
