International Money Express, Inc. (NASDAQ:IMXI) Receives $24.50 Average Price Target from Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.50.

Several analysts have commented on the stock. UBS Group dropped their target price on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday. Needham & Company LLC decreased their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Northland Securities raised their target price on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets increased their price target 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 Trading of International Money Express

Several institutional investors and hedge funds have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new position in shares of International Money Express in the fourth quarter worth approximately $169,000. Meeder Asset Management Inc. grew its holdings in shares of International Money Express by 90.7% in the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after acquiring an additional 5,499 shares during the period. Lazard Asset Management LLC grew its position in International Money Express by 6.1% during the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock valued at $235,000 after buying an additional 654 shares during the period. SG Americas Securities LLC grew its stake in shares of International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after acquiring an additional 2,182 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of International Money Express in the fourth quarter worth $281,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

IMXI opened at $14.24 on Wednesday. The stock has a market cap of $436.48 million, a P/E ratio of 7.96 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $19.03. International Money Express has a 12 month low of $13.99 and a 12 month high of $23.28.

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.