International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of analysts recently issued reports on IMXI shares. Northland Securities raised their price objective on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Needham & Company LLC upped their price objective on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets increased their price objective on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On International Money Express

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC grew its position in shares of International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after purchasing an additional 1,200 shares in the last quarter. SG Americas Securities LLC boosted its stake in International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after purchasing an additional 2,182 shares during the period. Meeder Asset Management Inc. grew its holdings in International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after buying an additional 5,499 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of International Money Express during the fourth quarter valued at about $332,000. Finally, Intech Investment Management LLC purchased a new stake in shares of International Money Express in the fourth quarter worth about $339,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Trading Down 1.7 %

NASDAQ IMXI opened at $18.14 on Friday. The business’s fifty day moving average is $20.25 and its 200-day moving average is $19.31. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $564.15 million, a price-to-earnings ratio of 10.13 and a beta of 0.87. International Money Express has a one year low of $16.17 and a one year high of $23.28.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.