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

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $24.50.

A number of analysts have issued reports on the stock. UBS Group cut their price objective on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Needham & Company LLC lowered their price objective on International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd.

International Money Express Trading Down 4.4 %

IMXI stock opened at $12.95 on Friday. International Money Express has a 52 week low of $12.82 and a 52 week high of $23.28. The company has a market capitalization of $396.94 million, a PE ratio of 7.23 and a beta of 0.87. The company’s 50-day simple moving average is $16.55 and its 200 day simple moving average is $18.57. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

Institutional Trading of International Money Express

Several institutional investors and hedge funds have recently modified their holdings of IMXI. Aquatic Capital Management LLC bought a new position in International Money Express in the fourth quarter valued at about $169,000. Lazard Asset Management LLC grew its holdings in shares of International Money Express by 6.1% during the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock valued at $235,000 after purchasing an additional 654 shares during the last quarter. SG Americas Securities LLC increased 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. Jump Financial LLC bought a new position in International Money Express in the 4th quarter valued at approximately $281,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in International Money Express in the fourth quarter valued at approximately $292,000. 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.