International Money Express, Inc. (NASDAQ:IMXI) Given Consensus Recommendation of “Hold” by Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.50.

Several equities analysts have recently weighed in on IMXI shares. UBS Group reduced their price objective on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Northland Securities lifted their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC reduced their price objective on International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets lifted their price objective on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Hedge Funds Weigh In On International Money Express

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new position in International Money Express during the 4th quarter worth approximately $169,000. Meeder Asset Management Inc. increased its holdings in International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after purchasing an additional 5,499 shares during the last quarter. Lazard Asset Management LLC increased its holdings in International Money Express by 6.1% during the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock worth $235,000 after purchasing an additional 654 shares during the last quarter. SG Americas Securities LLC increased its holdings in International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in International Money Express during the 4th quarter worth approximately $281,000. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Up 0.1 %

Shares of NASDAQ:IMXI opened at $14.24 on Wednesday. The firm has a market cap of $436.48 million, a price-to-earnings ratio of 7.96 and a beta of 0.87. International Money Express has a 12-month low of $13.99 and a 12-month high of $23.28. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average price is $18.75 and its two-hundred day moving average price is $19.06.

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.