International Money Express, Inc. (NASDAQ:IMXI) Receives Average Rating of “Hold” from Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.50.

Several equities analysts have recently commented on IMXI shares. Needham & Company LLC dropped 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. UBS Group decreased their price objective on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP grew its position in International Money Express by 433.9% during the 3rd quarter. Quantbot Technologies LP now owns 30,627 shares of the company’s stock worth $566,000 after acquiring an additional 24,891 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of International Money Express by 6.4% during the third quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock valued at $783,000 after purchasing an additional 2,563 shares in the last quarter. 272 Capital LP bought a new stake in shares of International Money Express during the third quarter worth about $390,000. ArrowMark Colorado Holdings LLC increased its stake in shares of International Money Express by 17.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock valued at $18,396,000 after buying an additional 145,686 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in International Money Express in the 3rd quarter valued at approximately $4,854,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Performance

IMXI opened at $12.26 on Friday. International Money Express has a 52-week low of $11.78 and a 52-week high of $22.83. The business’s fifty day moving average is $15.79 and its 200-day moving average is $18.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $375.79 million, a P/E ratio of 6.85 and a beta of 1.01.

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.