International Money Express (NASDAQ:IMXI) Now Covered by Analysts at Oppenheimer

Analysts at Oppenheimer began coverage on shares of International Money Express (NASDAQ:IMXI) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “market perform” rating on the stock.

Several other research analysts have also recently weighed in on the stock. BTIG Research reissued a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Northland Securities lowered their price target on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. 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 report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.17.

International Money Express Trading Down 1.4 %

Shares of NASDAQ:IMXI opened at $17.32 on Tuesday. International Money Express has a 52-week low of $15.76 and a 52-week high of $23.28. The company has a market capitalization of $565.32 million, a P/E ratio of 10.30 and a beta of 0.81. The company has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $20.19. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88.

International Money Express (NASDAQ:IMXI) last issued 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 net margin of 8.78% and a return on equity of 43.97%. The firm had revenue of $171.53 million during the quarter, compared to analyst estimates of $174.89 million. During the same quarter last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts forecast that International Money Express will post 1.98 earnings per share for the current year.

Institutional Trading of International Money Express

Several hedge funds and other institutional investors have recently bought and sold shares of IMXI. Principal Financial Group Inc. raised its stake in International Money Express by 30.9% in the 4th quarter. Principal Financial Group Inc. now owns 23,941 shares of the company’s stock worth $529,000 after purchasing an additional 5,657 shares in the last quarter. Breach Inlet Capital Management LLC acquired a new position in shares of International Money Express in the 4th quarter valued at approximately $9,736,000. Janney Montgomery Scott LLC acquired a new position in International Money Express during the 1st quarter worth approximately $562,000. Access Investment Management LLC increased its position in International Money Express by 5,051.3% during the 1st quarter. Access Investment Management LLC now owns 41,210 shares of the company’s stock worth $941,000 after purchasing an additional 40,410 shares in the last quarter. Finally, LSV Asset Management increased its position in International Money Express by 3,421.5% during the 1st quarter. LSV Asset Management now owns 692,853 shares of the company’s stock worth $15,818,000 after purchasing an additional 673,178 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.