International Money Express, Inc. (NASDAQ:IMXI) Given Average Recommendation of "Hold" by Brokerages

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.50.

IMXI has been the subject of a number of analyst reports. Monness Crespi & Hardt downgraded shares of International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. UBS Group reduced their target price on International Money Express from $22.00 to $17.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price target on shares of International Money Express in a research note on Monday, April 7th.

International Money Express Price Performance

Shares of IMXI stock opened at $12.28 on Thursday. The stock has a market capitalization of $376.41 million, a price-to-earnings ratio of 6.86 and a beta of 1.01. 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 twelve month low of $11.27 and a twelve month high of $22.38. The stock has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $17.71.

Institutional Trading of International Money Express

A number of hedge funds have recently modified their holdings of IMXI. GAMMA Investing LLC increased its holdings in International Money Express by 7,708.8% in the first quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock valued at $790,000 after buying an additional 6,167 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of International Money Express during the 4th quarter valued at about $169,000. Lazard Asset Management LLC increased its stake in shares of International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock valued at $235,000 after purchasing an additional 654 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock valued at $240,000 after purchasing an additional 2,182 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in International Money Express in the 4th quarter worth about $281,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

About International Money Express

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.

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