International Money Express (NASDAQ:IMXI – Get Rating) had its price target boosted by equities researchers at JMP Securities from $27.00 to $31.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ target price would suggest a potential upside of 26.22% from the stock’s previous close.
International Money Express Stock Performance
Shares of NASDAQ IMXI opened at $24.56 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $23.42. The company has a market cap of $910.19 million, a PE ratio of 16.48 and a beta of 0.46. International Money Express has a 12-month low of $17.58 and a 12-month high of $28.24.
Hedge Funds Weigh In On International Money Express
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in International Money Express by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,315 shares of the company’s stock valued at $5,905,000 after buying an additional 728 shares in the last quarter. Voya Investment Management LLC boosted its stake in International Money Express by 7.1% during the fourth quarter. Voya Investment Management LLC now owns 15,092 shares of the company’s stock valued at $368,000 after buying an additional 1,006 shares in the last quarter. Wells Fargo & Company MN boosted its stake in International Money Express by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,316 shares of the company’s stock valued at $422,000 after buying an additional 1,078 shares in the last quarter. UBS Group AG boosted its stake in International Money Express by 8.0% during the second quarter. UBS Group AG now owns 15,149 shares of the company’s stock valued at $310,000 after buying an additional 1,124 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in International Money Express by 68.2% during the third quarter. Quantbot Technologies LP now owns 3,155 shares of the company’s stock valued at $71,000 after buying an additional 1,279 shares in the last quarter. 87.49% of the stock is currently owned by institutional investors and hedge funds.
International Money Express Company Profile
International Money Express, Inc engages in the provision of money transmittal services. It offers online money transfer, in person wire transfer, check processing, prepaid debit card, bill payment, and telewire services. The company was founded in 1994 and is headquartered in Miami, FL.
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