International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Rating of "Moderate Buy" from Brokerages

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.00.

A number of brokerages have issued reports on IMXI. BTIG Research reissued a "neutral" rating on shares of International Money Express in a research note on Wednesday, August 7th. Northland Securities lifted their target price on shares of International Money Express from $23.00 to $27.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. BMO Capital Markets lifted their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Oppenheimer began coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, Monness Crespi & Hardt cut their price target on shares of International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Monday, November 4th.

International Money Express Stock Down 0.1 %

Shares of NASDAQ:IMXI traded down $0.03 during trading on Monday, reaching $21.29. 326,176 shares of the company traded hands, compared to its average volume of 260,841. The firm has a fifty day simple moving average of $18.72 and a 200 day simple moving average of $19.43. The firm has a market cap of $662.12 million, a P/E ratio of 11.91 and a beta of 0.82. International Money Express has a 1-year low of $16.17 and a 1-year high of $23.28. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of International Money Express by 7.5% during the 3rd 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 in the last quarter. Forager Capital Management LLC raised its holdings in International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock worth $22,580,000 after acquiring an additional 260,000 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in International Money Express by 17.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company's stock worth $18,396,000 after acquiring an additional 145,686 shares during the period. New South Capital Management Inc. bought a new position in International Money Express in the 3rd quarter worth $17,055,000. Finally, LSV Asset Management raised its holdings in International Money Express by 5.2% in the 2nd quarter. LSV Asset Management now owns 728,977 shares of the company's stock worth $15,192,000 after acquiring an additional 36,124 shares during the period. Institutional investors 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.