International Money Express (NASDAQ:IMXI) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of International Money Express (NASDAQ:IMXI) in a research note published on Monday morning,Benzinga reports. Needham & Company LLC currently has a $20.00 target price on the stock.

Several other analysts also recently weighed in on IMXI. UBS Group lowered their price objective on International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.50.

International Money Express Trading Down 4.8 %

NASDAQ IMXI opened at $11.67 on Monday. The firm has a market cap of $357.71 million, a PE ratio of 6.52 and a beta of 1.01. International Money Express has a 1-year low of $11.59 and a 1-year high of $22.83. The stock has a 50-day moving average of $15.63 and a 200-day moving average of $18.31. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

Hedge Funds Weigh In On International Money Express

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its position in International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock valued at $28,788,000 after purchasing an additional 109,293 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of International Money Express during the 3rd quarter valued at about $4,598,000. Barclays PLC increased its position in shares of International Money Express by 137.1% during the third quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after buying an additional 42,367 shares during the period. M&T Bank Corp raised its stake in International Money Express by 29.6% in the third quarter. M&T Bank Corp now owns 105,754 shares of the company’s stock worth $1,955,000 after buying an additional 24,175 shares in the last quarter. Finally, Bullseye Asset Management LLC lifted its holdings in International Money Express by 3.1% in the third quarter. Bullseye Asset Management LLC now owns 236,692 shares of the company’s stock worth $4,376,000 after buying an additional 7,069 shares during the period. Institutional investors own 86.71% of the company’s stock.

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.