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

International Money Express, Inc. (NASDAQ:IMXI) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts recently commented on IMXI shares. BMO Capital Markets lifted their price objective on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Monness Crespi & Hardt reduced their price target on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Needham & Company LLC raised their target price on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Oppenheimer began coverage on shares of International Money Express in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Northland Securities raised their target price on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Institutional Trading of International Money Express

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares during the last quarter. Quarry LP grew its holdings in International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after purchasing an additional 2,533 shares during the period. Meeder Asset Management Inc. increased its position in International Money Express by 90.7% during the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after buying an additional 5,499 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after buying an additional 637 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of International Money Express by 973.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company’s stock valued at $387,000 after buying an additional 16,849 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

Shares of IMXI stock opened at $20.12 on Tuesday. The firm’s 50 day moving average price is $20.83 and its two-hundred day moving average price is $19.46. The stock has a market cap of $625.71 million, a PE ratio of 11.24 and a beta of 0.89. International Money Express has a 52-week low of $16.17 and a 52-week high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

International Money Express Company Profile

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.