Analysts Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $27.00

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.00.

IMXI has been the subject of a number of analyst reports. Northland Securities raised their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Oppenheimer assumed coverage on shares of International Money Express in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Needham & Company LLC boosted 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. Monness Crespi & Hardt decreased their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, BMO Capital Markets upped their price objective on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

International Money Express Price Performance

IMXI stock opened at $20.70 on Friday. The company has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $19.48. International Money Express has a 52 week low of $16.17 and a 52 week high of $23.28. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $643.75 million, a P/E ratio of 11.56 and a beta of 0.88.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IMXI. nVerses Capital LLC increased its stake in International Money Express by 133.3% during 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 in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of International Money Express during the second quarter valued at $91,000. Quarry LP raised its stake in International Money Express by 113.7% in the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after acquiring an additional 2,533 shares during the last quarter. Meeder Asset Management Inc. raised its stake in International Money Express by 1,277.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after acquiring an additional 5,621 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in International Money Express during the 2nd quarter valued at about $364,000. 86.71% of the stock is owned by institutional investors.

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.