International Money Express, Inc. (NASDAQ:IMXI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $24.17.

IMXI has been the topic of a number of research reports. Northland Securities cut their target price on shares of 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. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Needham & Company LLC dropped their target price on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, BMO Capital Markets lifted their price objective on International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th.

International Money Express Stock Performance

Shares of NASDAQ:IMXI opened at $17.70 on Friday. The business has a fifty day moving average of $19.76 and a 200-day moving average of $20.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.68 and a current ratio of 1.68. International Money Express has a twelve month low of $15.76 and a twelve month high of $23.28. The firm has a market cap of $577.73 million, a PE ratio of 10.60 and a beta of 0.84.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $171.53 million for the quarter, compared to analyst estimates of $174.89 million. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. On average, equities research analysts predict that International Money Express will post 2.04 EPS for the current fiscal year.

Institutional Trading of International Money Express

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in International Money Express by 1.0% in the second quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after acquiring an additional 452 shares during the period. Foyston Gordon & Payne Inc grew its position in shares of International Money Express by 8.2% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock valued at $454,000 after purchasing an additional 1,658 shares during the period. International Assets Investment Management LLC acquired a new stake in International Money Express during the 4th quarter worth approximately $38,000. Lazard Asset Management LLC raised its holdings in International Money Express by 41.5% during the 1st quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock worth $143,000 after buying an additional 1,853 shares during the period. Finally, Riverwater Partners LLC lifted its stake in International Money Express by 14.9% in the second quarter. Riverwater Partners LLC now owns 14,833 shares of the company’s stock valued at $309,000 after buying an additional 1,926 shares in the last quarter. 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.