Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) PT at $24.50

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.50.

A number of research firms recently weighed in on IMXI. Needham & Company LLC dropped their price objective on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Northland Securities boosted their price objective on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. UBS Group decreased their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets upped their price target on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On International Money Express

A number of large investors have recently bought and sold shares of IMXI. Voss Capital LP boosted its holdings in shares of International Money Express by 6.5% during the 4th quarter. Voss Capital LP now owns 1,825,000 shares of the company’s stock worth $38,015,000 after buying an additional 111,562 shares during the period. Wellington Management Group LLP boosted its holdings in International Money Express by 7.5% during the third 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 in the last quarter. Forager Capital Management LLC grew its position in International Money Express by 27.1% in the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after acquiring an additional 260,000 shares during the period. New South Capital Management Inc. grew its holdings in shares of International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock worth $23,582,000 after purchasing an additional 209,711 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of International Money Express by 40.7% during the fourth quarter. LSV Asset Management now owns 1,082,780 shares of the company’s stock worth $22,554,000 after buying an additional 313,303 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Up 0.1 %

Shares of International Money Express stock opened at $14.24 on Wednesday. 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 has a market capitalization of $436.48 million, a price-to-earnings ratio of 7.96 and a beta of 0.87. International Money Express has a twelve month low of $13.99 and a twelve month high of $23.28. The business’s 50 day simple moving average is $18.75 and its 200-day simple moving average is $19.03.

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.