BNP Paribas Financial Markets Decreases Holdings in International Money Express, Inc. (NASDAQ:IMXI)

BNP Paribas Financial Markets decreased its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 33.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,347 shares of the company’s stock after selling 9,222 shares during the quarter. BNP Paribas Financial Markets’ holdings in International Money Express were worth $339,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. nVerses Capital LLC grew its stake in shares of International Money Express by 133.3% in the 3rd 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 during the last quarter. CWM LLC raised its holdings in shares of International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after acquiring an additional 2,269 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of International Money Express during the second quarter worth about $91,000. Quarry LP grew its position in shares of International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in International Money Express by 1,277.5% in the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after purchasing an additional 5,621 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Stock Performance

International Money Express stock opened at $21.30 on Friday. The company has a market cap of $662.41 million, a P/E ratio of 11.90 and a beta of 0.88. The firm’s 50 day simple moving average is $19.57 and its 200-day simple moving average is $19.49. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $23.28.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IMXI shares. Oppenheimer began coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Northland Securities boosted their price target on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Monness Crespi & Hardt dropped their price target on 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 International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets boosted their target price on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Money Express has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.