International Money Express (NASDAQ:IMXI) Coverage Initiated by Analysts at Oppenheimer

Research analysts at Oppenheimer started coverage on shares of International Money Express (NASDAQ:IMXI) in a research report issued on Tuesday, StockNewsAPI reports. The brokerage set a “market perform” rating on the stock.

A number of other analysts have also recently commented on the company. Northland Securities cut their target price on 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. Needham & Company LLC decreased their price objective on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, International Money Express presently has an average rating of “Moderate Buy” and a consensus price target of $24.17.

International Money Express Price Performance

International Money Express stock opened at $18.49 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $18.73 and a 200-day simple moving average of $20.23. The stock has a market cap of $603.51 million, a P/E ratio of 11.07 and a beta of 0.82. International Money Express has a 12-month low of $15.76 and a 12-month high of $23.28.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million for the quarter, compared to analysts’ expectations of $174.89 million. International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Equities analysts expect that International Money Express will post 1.98 EPS for the current fiscal year.

Institutional Trading of International Money Express

A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in International Money Express by 30.9% in the fourth quarter. Principal Financial Group Inc. now owns 23,941 shares of the company’s stock valued at $529,000 after acquiring an additional 5,657 shares during the period. Breach Inlet Capital Management LLC acquired a new stake in International Money Express in the 4th quarter valued at about $9,736,000. Janney Montgomery Scott LLC purchased a new position in International Money Express during the 1st quarter valued at about $562,000. Access Investment Management LLC raised its position in International Money Express by 5,051.3% during the first quarter. Access Investment Management LLC now owns 41,210 shares of the company’s stock worth $941,000 after acquiring an additional 40,410 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of International Money Express by 3,421.5% in the first quarter. LSV Asset Management now owns 692,853 shares of the company’s stock valued at $15,818,000 after purchasing an additional 673,178 shares in the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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.