International Money Express, Inc. (NASDAQ:IMXI) Given Consensus Rating of “Moderate Buy” by Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.00.

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

Institutional Investors Weigh In On International Money Express

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMXI. nVerses Capital LLC grew its stake in International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,200 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of International Money Express in the second quarter valued at approximately $91,000. Quarry LP grew its stake in International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after purchasing an additional 2,533 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in International Money Express by 1,277.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after purchasing an additional 5,621 shares during the period. Finally, SG Americas Securities LLC bought a new stake in International Money Express during the 2nd quarter valued at $364,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Trading Down 1.1 %

IMXI opened at $20.79 on Friday. The stock has a 50-day moving average of $19.89 and a 200 day moving average of $19.51. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express has a 12 month low of $16.17 and a 12 month high of $23.28. The firm has a market cap of $646.55 million, a P/E ratio of 11.61 and a beta of 0.88.

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.