Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) PT at $24.50

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has received a consensus recommendation of "Hold" from the seven analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.50.

A number of research analysts have commented on the stock. Monness Crespi & Hardt cut shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Needham & Company LLC cut their target price on International Money Express from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, UBS Group lowered their price target on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th.

International Money Express Price Performance

Shares of NASDAQ:IMXI traded down $1.02 during trading on Friday, reaching $12.00. The stock had a trading volume of 54,911 shares, compared to its average volume of 263,377. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express has a 1-year low of $11.98 and a 1-year high of $23.02. The stock has a market cap of $367.82 million, a PE ratio of 6.70 and a beta of 0.87. The business has a fifty day moving average price of $16.08 and a 200-day moving average price of $18.46.

Institutional Trading of International Money Express

A number of large investors have recently made changes to their positions in the company. Aquatic Capital Management LLC purchased a new position in International Money Express in the fourth quarter worth approximately $169,000. Lazard Asset Management LLC lifted its position in shares of International Money Express by 6.1% during the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after purchasing an additional 654 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock worth $240,000 after purchasing an additional 2,182 shares in the last quarter. Jump Financial LLC purchased a new position in International Money Express in the fourth quarter valued at $281,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in International Money Express in the fourth quarter valued at $292,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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.