Quest Partners LLC Boosts Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Quest Partners LLC grew its stake in International Money Express, Inc. (NASDAQ:IMXI) by 238.9% during the 2nd quarter, Holdings Channel reports. The firm owned 24,883 shares of the company’s stock after purchasing an additional 17,540 shares during the quarter. Quest Partners LLC’s holdings in International Money Express were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of IMXI. CWM LLC lifted its stake in International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after buying an additional 2,269 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of International Money Express in the second quarter valued at approximately $91,000. Lazard Asset Management LLC boosted its stake in shares of International Money Express by 41.5% in the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock worth $143,000 after acquiring an additional 1,853 shares during the last quarter. Versor Investments LP acquired a new position in International Money Express in the 4th quarter valued at $239,000. Finally, Summit Global Investments purchased a new stake in shares of International Money Express during the second quarter worth $247,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IMXI shares. Northland Securities decreased 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 note on Thursday, August 8th. BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Finally, Needham & Company LLC lowered their price objective on International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

International Money Express Stock Up 2.1 %

Shares of NASDAQ IMXI opened at $18.17 on Friday. International Money Express, Inc. has a 1 year low of $15.76 and a 1 year high of $23.28. The company has a market capitalization of $593.07 million, a P/E ratio of 10.88 and a beta of 0.82. The company has a 50 day simple moving average of $19.11 and a 200-day simple moving average of $20.35. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88.

International Money Express (NASDAQ:IMXI) last posted its earnings results 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). International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The business had revenue of $171.53 million for the quarter, compared to analyst estimates of $174.89 million. During the same period last year, the business earned $0.46 EPS. International Money Express’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that International Money Express, Inc. will post 1.98 earnings per share for the current year.

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.