ExodusPoint Capital Management LP Buys Shares of 120,792 International Money Express, Inc. (NASDAQ:IMXI)

ExodusPoint Capital Management LP bought a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 120,792 shares of the company's stock, valued at approximately $2,516,000. ExodusPoint Capital Management LP owned 0.39% of International Money Express as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in International Money Express by 7.5% in the third quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company's stock valued at $28,788,000 after purchasing an additional 109,293 shares during the last quarter. Forager Capital Management LLC increased its stake in shares of International Money Express by 27.1% during the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock valued at $22,580,000 after acquiring an additional 260,000 shares during the last quarter. New South Capital Management Inc. lifted its holdings in shares of International Money Express by 22.7% during the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock worth $23,582,000 after acquiring an additional 209,711 shares during the period. Investment Management Associates Inc. ADV lifted its holdings in shares of International Money Express by 1.9% during the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock worth $18,731,000 after acquiring an additional 16,530 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of International Money Express by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock worth $17,725,000 after acquiring an additional 2,292 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group cut their price target 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. Monness Crespi & Hardt lowered International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of International Money Express in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.50.

International Money Express Stock Down 1.2 %

Shares of IMXI traded down $0.14 during midday trading on Friday, reaching $11.76. 243,324 shares of the company were exchanged, compared to its average volume of 270,588. 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, Inc. has a 1-year low of $11.27 and a 1-year high of $22.38. The company has a market cap of $360.47 million, a price-to-earnings ratio of 6.57 and a beta of 1.01. The stock has a 50-day moving average price of $14.78 and a 200-day moving average price of $18.02.

International Money Express 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.