International Money Express (NASDAQ:IMXI) Price Target Lowered to $20.00 at Needham & Company LLC

International Money Express (NASDAQ:IMXI) had its target price decreased by Needham & Company LLC from $25.00 to $20.00 in a research note issued to investors on Monday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Monness Crespi & Hardt downgraded International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. BMO Capital Markets raised 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. Finally, Northland Securities boosted their target price 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

International Money Express Stock Performance

NASDAQ IMXI opened at $15.05 on Monday. The firm’s 50 day simple moving average is $19.37 and its 200 day simple moving average is $19.14. The firm has a market capitalization of $468.04 million, a price-to-earnings ratio of 8.41 and a beta of 0.87. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express has a 1 year low of $14.99 and a 1 year high of $23.28.

Hedge Funds Weigh In On International Money Express

A number of institutional investors and hedge funds have recently bought and sold shares of IMXI. Aquatic Capital Management LLC acquired a new stake in shares of International Money Express during the fourth quarter valued at about $169,000. Meeder Asset Management Inc. raised its holdings in International Money Express by 90.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after buying an additional 5,499 shares during the last quarter. Lazard Asset Management LLC boosted its position 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 buying an additional 654 shares during the period. SG Americas Securities LLC grew 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 acquiring an additional 2,182 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in International Money Express in the 4th quarter valued at approximately $281,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.