International Money Express, Inc. (NASDAQ:IMXI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two 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 brokers that have covered the stock in the last year is $27.00.

A number of research analysts have recently commented on IMXI shares. Northland Securities upped their price objective on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. BTIG Research reissued a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. 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 upped their price objective on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets boosted their price objective on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On International Money Express

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its position 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 purchasing an additional 452 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 637 shares during the last quarter. nVerses Capital LLC boosted its holdings in International Money Express by 133.3% in 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 in the last quarter. Foyston Gordon & Payne Inc increased its position in 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 buying an additional 1,658 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position 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 worth $143,000 after buying an additional 1,853 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Price Performance

IMXI stock opened at $21.32 on Monday. The firm has a market cap of $663.03 million, a P/E ratio of 11.91 and a beta of 0.82. The stock’s 50 day moving average price is $18.72 and its 200 day moving average price is $19.43. 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 quick ratio of 1.80 and a current ratio of 1.80.

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.