MoneyGram International, Inc. (MGI) Stock Rising in Early Trading, Here’s What’s Going on.


MoneyGram International, Inc. (MGI) is a leading global progression of online P2P payments as it delivers novel financial solutions. The company mobilizes the money movement and has leading client-centric capacities. It leverages its advanced API-driven portfolio and partners with the top-notch brands to assist the customers via a direct-to-consumer online pathway.

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The price of MGI stock during early trading on February 15, 2022, was last checked to be $10.60 with an 18.38% surge.

MGI: Events and Happenings

On February 15, 2022, MGI updated about a definitive contract of funds associated with MDP. MDP will purchase 100% outstanding shares of MGI at $11.00 per share valued at $1.8 billion. On February 4, 2022, MGI announced that it will release the fourth quarter of 2021 financial results on February 25, 2022.

On February 1, 2022, MGI informed that it was nominated as a recipient of the Top Workplaces USA 2022 award on employee feedback. On January 11, 2022, MGI and Digital Wallet Corp. announced their strategic collaboration. Customers in Japan can use the Smiles mobile application powered by MGI’s international payment rails to send money to more than 200 countries globally.

On January 5, 2022, MGI reported about the completion of strategic minority investment in Coinme. The venture gave MGI a 4% ownership stake in Coinme. On December 22, 2021, MGI informed about its collaboration with Paytm Payments Bank. Via this collaboration, global consumers can send payments in real-time directly to Paytm Wallets.

MGI: Key Financials

On October 28, 2021, MGI released its financial outcomes for the third quarter ended September 30, 2021. Some of the key highlights are discussed here.


Total revenue in Q3 2021 was $319.6 million compared to $323.2 million in the same quarter of 2020. The company missed the estimated revenue target by $10.2 million.


Basic and diluted net loss per share in Q3 2021 was $15.6 million or $0.16 compared to net income of $10.9 million or $0.14 (basic) and $0.12 (diluted) in the same period of 2020. The company observed an increase in net loss over the yearly period and it missed the analysts’ estimated EPS by -$0.12.


MGI stock is 16% up the past six months period. The company reported an early trading stock surge as it announced about entry into a definitive contract with MDP. The upcoming earnings release date is coming near and the analysts are estimating the revenue of the company to be $324.9 million and EPS to be $0.11.


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