Comparable Company Analysis: MoneyGram International Inc. (MGI), Okta Inc. (OKTA)

You should consider shares of MoneyGram International Inc. (NASDAQ:MGI) and Okta Inc. (NASDAQ:OKTA) if you are looking for a great stocks to invest in. Starting with the MGI shares, which traded at $2.21 at the close of the recent session, gaining 1.84%. On Wednesday, the company’s shares shed $0.04 from its value which represented in intraday trading. The stock is now 5.24% higher in year-to-date (YTD) trading. MGI’s intraday high was $2.245 while its lowest price touched $2.105. The stock’s 52-week high price is $6.70, which means the current price is at -67.01%. In terms of trading activity, the daily trading volume fell to 1173568 against 200-day average trading volume of 2,005,060 shares.

What are analyst forecasts for MoneyGram International Inc. (NASDAQ:MGI)?

At a consensus rating of 3.00, MGI is trending as a streaking Hold, as it has been the case a month ago when 4 analysts called it a Hold. Two months ago, 5 analysts recommended, on average, that MGI stock is a Hold. The Financial company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $2.18 on the day.

Forecasts for MoneyGram International Inc. (NASDAQ:MGI) give the stock a fair value for the growth of -10.5% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $2.00, which means the price per share could fall by nearly -$0.21. The price range target is between a low of $1.00 and a high of $3.50. The stock would need to gain by about $36.86 to hit the estimated high or 0.6% from its 12-month low.

The consensus among 7 analysts is that it is a good time for one to Underweight in the MoneyGram International Inc. 1 analysts rate MGI as a Buy, with 3 of 7 analysts rate it as a Sell. 0 have valued the stock as Overweight and 3 have recommended that investors Hold.

MoneyGram International Inc. (NASDAQ:MGI) Upgrades and Downgrades

In terms of rating changes, Northland Capital on April 03, 2019, Upgrade MoneyGram International Inc. (MGI) at Outperform. They believe the stock could reach $5.50 in the near term. Analysts at Evercore ISI have assigned a Underperform rating for the stock in their research note on November 09, 2018. Moreover, JP Morgan analysts issued a rating of Underweight for the stock on December 12, 2017. On January 30, 2017, the stock earned a Hold rating due to an analyst call from Feltl & Co., while analysts from First Analysis Sec on January 26, 2017 suggested that the stock is Equal-Weight.

Okta Inc. (NASDAQ:OKTA) adds -$0.46 on Wednesday

The OKTA stock has risen 11.44% year-to-date and is currently trading at $128.57, which is -9.36% below its 52-week high. The company shares lost -0.36% on the day and have risen nearly 82.52% off a low hit. At current levels, Okta Inc. has a valuation of about $534.20M. As of 01/15/20, this stock has risen 2.41% during the week and closed at $129.03 in the previous session. However, recent Okta Inc. stock performance shows that OKTA shares are 10.18% up over the last month, and 10.97% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.08, with the trailing 12-month share earnings at -$1.65. The ratio is expected to be down by -9.40% for the current year 2019 and 22.90% for next year. Over the next 5-year period, earnings per share will be 25.00%. But will the OKTA stock surprise in the current quarter results, where the -$0.07 actual EPS reported on 10/30/2019 surprised by 41.70% or was higher by $0.05 from the estimated -$0.12.

Sales Growth to climb 31.60% for the year

How well will Okta Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $155M and $156.7M in current quarter sales. The consensus estimated for the current quarter is $155.85M from sales. Forecasts for this fiscal year are between $563.06M and $576M and the consensus estimate for sales is at $573.96M.

Who owns shares in Okta Inc. (OKTA)?

Let’s briefly focus on the share ownership of the Okta Inc. (NASDAQ:OKTA) stock, where we find that 78.04% of shares are held by institutions. FMR, LLC tops the list of institutional owners as it is holding 10.84 million shares or 9.64% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 9.68 million and 7.56 million representing 8.61% and 6.72% respectively at the close of the last trading session. As of Sep 29, 2019, Price (T.Rowe) Associates Inc accounted for 3.6 million shares at over 354.75 million. This represented 3.21% of shares outstanding. Morgan Stanley held 3.46 million shares at over 341.14 million representing 3.08% of shares outstanding.

OKTA Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Okta Inc. (OKTA), a total of 1305755 shares have been sold by insiders over the last 6 months while 1020187 shares were added in the same time span. On 3/19/2019, Chief Operating Officer by the name Kerrest J Frederic sold 190444.0 shares worth $15.6 million at the price of $81.82 per share. Filings also show that Kerrest J Frederic sold a total of 73049.0 shares on 11/26/2019 valued at $9.5 million. Since the last insider activity, the company’s share price has dropped -1.34%.