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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.00.

A number of equities analysts have weighed in on the company. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. BTIG Research reissued a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. 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 research report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Monness Crespi & Hardt cut their price target on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th.

International Money Express Price Performance

IMXI stock opened at $21.07 on Monday. International Money Express has a 1 year low of $16.17 and a 1 year high of $23.28. 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 firm has a market capitalization of $655.26 million, a PE ratio of 11.77 and a beta of 0.82. The business has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $19.44.

Institutional Investors Weigh In On International Money Express

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of International Money Express by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after buying an additional 452 shares during the period. SkyView Investment Advisors LLC grew its position in International Money Express by 3.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after acquiring an additional 637 shares in the last quarter. nVerses Capital LLC increased its stake in International Money Express by 133.3% during the third 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 period. Foyston Gordon & Payne Inc lifted its position in shares of International Money Express by 8.2% during the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock worth $454,000 after purchasing an additional 1,658 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of International Money Express by 41.5% in the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after purchasing an additional 1,853 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.