UBS Group Issues Pessimistic Forecast for International Money Express (NASDAQ:IMXI) Stock Price

International Money Express (NASDAQ:IMXI) had its price target decreased by analysts at UBS Group from $22.00 to $17.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 19.47% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC reduced their target price on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price objective on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Northland Securities lifted their price objective on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.50.

International Money Express Stock Performance

International Money Express stock opened at $14.23 on Tuesday. The stock has a market cap of $436.18 million, a P/E ratio of 7.95 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. The stock has a 50 day moving average of $19.14 and a 200-day moving average of $19.11. International Money Express has a 52 week low of $14.10 and a 52 week high of $23.28.

Hedge Funds Weigh In On International Money Express

Hedge funds and other institutional investors have recently modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in shares of International Money Express during the fourth quarter valued at $169,000. Meeder Asset Management Inc. boosted its holdings in shares of International Money Express by 90.7% during the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after acquiring an additional 5,499 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of International Money Express by 6.1% during the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock valued at $235,000 after acquiring an additional 654 shares during the period. SG Americas Securities LLC boosted its holdings in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after acquiring an additional 2,182 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of International Money Express during the fourth quarter valued at $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.