International Money Express, Inc. (NASDAQ:IMXI) Given Average Rating of "Moderate Buy" by Analysts

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.40.

Several brokerages recently issued reports on IMXI. BTIG Research restated a "neutral" rating on shares of International Money Express in a research note on Wednesday, August 7th. Northland Securities reduced their price objective on International Money Express from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reduced their price objective on International Money Express from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Oppenheimer started coverage on International Money Express in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock.

Institutional Investors Weigh In On International Money Express

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in International Money Express by 1.0% in the second quarter. Rhumbline Advisers now owns 45,877 shares of the company's stock valued at $956,000 after buying an additional 452 shares during the last quarter. nVerses Capital LLC raised its stake in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $39,000 after purchasing an additional 1,200 shares in the last quarter. Foyston Gordon & Payne Inc raised its stake in shares of International Money Express by 8.2% during the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company's stock valued at $454,000 after purchasing an additional 1,658 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of International Money Express by 41.5% during the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company's stock valued at $143,000 after purchasing an additional 1,853 shares in the last quarter. Finally, Riverwater Partners LLC raised its stake in shares of International Money Express by 14.9% during the second quarter. Riverwater Partners LLC now owns 14,833 shares of the company's stock valued at $309,000 after purchasing an additional 1,926 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Up 0.3 %

Shares of IMXI stock traded up $0.06 during mid-day trading on Thursday, reaching $17.59. 176,428 shares of the company were exchanged, compared to its average volume of 248,288. International Money Express has a fifty-two week low of $15.76 and a fifty-two week high of $23.28. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $573.57 million, a P/E ratio of 10.49 and a beta of 0.81. The business's 50 day simple moving average is $18.00 and its 200 day simple moving average is $19.53.

International Money Express (NASDAQ:IMXI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The firm had revenue of $171.53 million for the quarter, compared to the consensus estimate of $174.89 million. During the same quarter last year, the business earned $0.46 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts predict that International Money Express will post 1.97 earnings per share for the current year.

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.