International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. reduced its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,227 shares of the company’s stock after selling 873 shares during the period. Point72 Asset Management L.P.’s holdings in International Money Express were worth $171,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after purchasing an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of International Money Express in the 2nd quarter valued at about $91,000. Quarry LP grew its position in shares of International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after buying an additional 2,533 shares in the last quarter. 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 buying an additional 5,621 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in International Money Express by 41.5% in the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after acquiring an additional 1,853 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IMXI shares. Needham & Company LLC reduced their price objective on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Northland Securities cut their target price on International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Oppenheimer assumed coverage on International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.17.

International Money Express Stock Up 2.0 %

Shares of NASDAQ IMXI opened at $17.51 on Friday. The business has a 50-day moving average price of $18.39 and a 200 day moving average price of $20.12. The stock has a market cap of $571.53 million, a PE ratio of 10.49 and a beta of 0.81. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.57. International Money Express, Inc. has a 52-week low of $15.76 and a 52-week high of $23.28.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million for the quarter, compared to analysts’ expectations of $174.89 million. International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. Equities research analysts forecast that International Money Express, Inc. will post 1.98 earnings per share for the current year.

International Money Express 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.