Jamba, Inc. (JMBA) Forms $9.38 Double Bottom; Moneygram International (MGI)’s Sentiment Is 1.19

May 22, 2018 - By Kurt Siggers

MoneyGram International, Inc. (NASDAQ:MGI) Logo

Jamba, Inc. (JMBA) formed double bottom with $8.91 target or 5.00% below today’s $9.38 share price. Jamba, Inc. (JMBA) has $146.22M valuation. The stock decreased 1.99% or $0.19 during the last trading session, reaching $9.38. About 64,073 shares traded or 48.23% up from the average. Jamba, Inc. (NASDAQ:JMBA) has declined 0.88% since May 22, 2017 and is downtrending. It has underperformed by 12.43% the S&P500.

Moneygram International Inc (MGI) investors sentiment increased to 1.19 in Q4 2017. It’s up 0.38, from 0.81 in 2017Q3. The ratio is positive, as 50 hedge funds started new or increased equity positions, while 42 sold and reduced their positions in Moneygram International Inc. The hedge funds in our database now own: 45.08 million shares, down from 46.30 million shares in 2017Q3. Also, the number of hedge funds holding Moneygram International Inc in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 17 Reduced: 25 Increased: 29 New Position: 21.

More news for MoneyGram International, Inc. (NASDAQ:MGI) were recently published by: Globenewswire.com, which released: “Report: Developing Opportunities within Haemonetics, Arena Pharmaceuticals, Xperi, MoneyGram International, Boot …” on May 15, 2018. Streetinsider.com‘s article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” and published on May 15, 2018 is yet another important article.

Analysts await MoneyGram International, Inc. (NASDAQ:MGI) to report earnings on August, 6. They expect $0.11 earnings per share, down 54.17% or $0.13 from last year’s $0.24 per share. MGI’s profit will be $6.12 million for 15.61 P/E if the $0.11 EPS becomes a reality. After $0.09 actual earnings per share reported by MoneyGram International, Inc. for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Ratings analysis reveals 0 of Moneygram’s analysts are positive. Out of 2 Wall Street analysts rating Moneygram, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. MGI was included in 2 notes of analysts from January 26, 2017. The company was downgraded on Monday, January 30 by Feltl & Co. The stock has “Equal-Weight” rating by First Analysis on Thursday, January 26.

Lee Thomas H Partners Lp holds 7.84% of its portfolio in MoneyGram International, Inc. for 23.60 million shares. Nine Masts Capital Ltd owns 425,417 shares or 0.75% of their US portfolio. Moreover, Alpine Global Management Llc has 0.58% invested in the company for 195,241 shares. The New York-based Lucus Advisors Llc has invested 0.5% in the stock. Quinn Opportunity Partners Llc, a New York-based fund reported 199,774 shares.

The stock decreased 0.72% or $0.05 during the last trading session, reaching $6.87. About 195,139 shares traded. MoneyGram International, Inc. (MGI) has declined 48.42% since May 22, 2017 and is downtrending. It has underperformed by 59.97% the S&P500.

MoneyGram International, Inc., together with its subsidiaries, provides money transfer services in the United States and internationally. The company has market cap of $381.96 million. The firm operates through two divisions, Global Funds Transfer and Financial Paper Products. It currently has negative earnings. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.

Among 3 analysts covering Jamba (NASDAQ:JMBA), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Jamba has $17 highest and $10 lowest target. $13’s average target is 38.59% above currents $9.38 stock price. Jamba had 5 analyst reports since August 26, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Wednesday, August 26 by TheStreet. As per Tuesday, November 10, the company rating was downgraded by Dougherty & Company. The stock of Jamba, Inc. (NASDAQ:JMBA) earned “Neutral” rating by Wedbush on Tuesday, November 22.

MoneyGram International, Inc. (NASDAQ:MGI) Institutional Positions Chart

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