International Money Express, Inc. (NASDAQ:IMXI) Receives $27.00 Consensus PT from Analysts

International Money Express, Inc. (NASDAQ:IMXI) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $27.00.

A number of research analysts recently issued reports on IMXI shares. Oppenheimer assumed coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Northland Securities increased their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. BMO Capital Markets boosted their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC boosted their price target on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Monness Crespi & Hardt dropped their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

International Money Express Price Performance

Shares of International Money Express stock opened at $20.70 on Friday. The business has a 50 day moving average of $20.00 and a 200 day moving average of $19.48. International Money Express has a 52 week low of $16.17 and a 52 week high of $23.28. The company has a market cap of $643.75 million, a PE ratio of 11.56 and a beta of 0.88. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC raised its position 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 valued at $39,000 after buying an additional 1,200 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in International Money Express in the 2nd quarter worth $91,000. Quarry LP boosted its holdings in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after purchasing an additional 5,621 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of International Money Express in the second quarter worth about $364,000. 86.71% of the stock is 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.