Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) Target Price at $27.00

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.00.

Several equities research analysts have recently weighed in on the company. Northland Securities raised their price target on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, November 11th. BMO Capital Markets increased their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC lifted their price objective on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd.

International Money Express Trading Up 1.6 %

Shares of International Money Express stock opened at $18.43 on Friday. International Money Express has a fifty-two week low of $16.17 and a fifty-two week high of $23.28. The business’s fifty day moving average is $20.44 and its two-hundred day moving average is $19.36. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a market cap of $573.17 million, a PE ratio of 10.30 and a beta of 0.87.

Institutional Investors Weigh In On International Money Express

Hedge funds and other institutional investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC boosted its holdings in shares of International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after buying an additional 637 shares during the period. nVerses Capital LLC boosted its stake in International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares during the period. SG Americas Securities LLC grew its position 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 in the last quarter. Martingale Asset Management L P raised its stake in International Money Express by 6.4% during the 3rd quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock valued at $783,000 after purchasing an additional 2,563 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of International Money Express by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after purchasing an additional 3,753 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

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.