International Money Express, Inc. (NASDAQ:IMXI) Receives Average Recommendation of “Moderate Buy” from Analysts

International Money Express, Inc. (NASDAQ:IMXI) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.00.

IMXI has been the subject of several recent analyst reports. Monness Crespi & Hardt reduced their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating for the company. 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. Needham & Company LLC raised their price target 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, BMO Capital Markets upped their price objective on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IMXI. nVerses Capital LLC lifted its holdings in shares of International Money Express by 133.3% during the third 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. Allspring Global Investments Holdings LLC acquired a new stake in International Money Express during the 2nd quarter valued at approximately $91,000. Quarry LP boosted its holdings in shares of International Money Express by 113.7% in the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after acquiring an additional 2,533 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of International Money Express by 1,277.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after acquiring an additional 5,621 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of International Money Express in the second quarter worth $364,000. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Performance

Shares of International Money Express stock opened at $20.90 on Friday. The company has a market capitalization of $649.97 million, a PE ratio of 11.68 and a beta of 0.88. The company has a 50-day simple moving average of $20.11 and a two-hundred day simple moving average of $19.48. International Money Express has a one year low of $16.17 and a one year high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

International Money Express Company 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.