Northland Securities Increases International Money Express (NASDAQ:IMXI) Price Target to $27.00

International Money Express (NASDAQ:IMXI) had its price objective lifted by analysts at Northland Securities from $23.00 to $27.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 24.14% from the stock’s current price.

Several other research analysts have also recently weighed in on IMXI. Needham & Company LLC dropped their price target on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Monness Crespi & Hardt reduced their price objective 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. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, BTIG Research restated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, International Money Express presently has an average rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Trading Up 0.7 %

Shares of NASDAQ:IMXI opened at $21.75 on Monday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $709.27 million, a P/E ratio of 12.15 and a beta of 0.82. The stock’s fifty day moving average price is $18.22 and its 200-day moving average price is $19.37. International Money Express has a 1 year low of $16.17 and a 1 year high of $23.28.

Hedge Funds Weigh In On International Money Express

Several large investors have recently made changes to their positions in the company. nVerses Capital LLC increased its position in shares of International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after buying an additional 1,200 shares in the last quarter. CWM LLC raised its position in International Money Express by 201.7% during 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 period. Allspring Global Investments Holdings LLC purchased a new position in International Money Express during the second quarter valued at $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. increased its stake in shares of International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after purchasing an additional 5,621 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.