Needham & Company LLC Boosts International Money Express (NASDAQ:IMXI) Price Target to $25.00

International Money Express (NASDAQ:IMXI - Free Report) had its target price lifted by Needham & Company LLC from $22.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research analysts also recently commented on IMXI. BTIG Research reaffirmed a "neutral" rating on shares of International Money Express in a research note on Wednesday, August 7th. Northland Securities raised their price objective on shares of International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note on Monday. Monness Crespi & Hardt decreased their price objective on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Monday, November 4th. BMO Capital Markets boosted their price objective 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. Finally, Oppenheimer began coverage on shares of International Money Express in a report on Tuesday, October 1st. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.00.

International Money Express Trading Up 0.7 %

NASDAQ:IMXI traded up $0.15 during trading hours on Tuesday, reaching $21.75. 586,188 shares of the company were exchanged, compared to its average volume of 259,229. The firm has a market cap of $709.27 million, a price-to-earnings ratio of 12.07 and a beta of 0.82. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $19.36. International Money Express has a 52-week low of $16.17 and a 52-week high of $23.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New South Capital Management Inc. bought a new position in shares of International Money Express during the 3rd quarter valued at approximately $17,055,000. LSV Asset Management boosted 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 buying an additional 36,124 shares during the last quarter. Royce & Associates LP grew its stake in shares of International Money Express by 9.8% during the third quarter. Royce & Associates LP now owns 557,189 shares of the company's stock worth $10,302,000 after purchasing an additional 49,582 shares in the last quarter. First Eagle Investment Management LLC grew its stake in International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company's stock valued at $9,946,000 after acquiring an additional 152,464 shares during the last quarter. Finally, Summit Creek Advisors LLC lifted its stake in International Money Express by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 404,764 shares of the company's stock worth $9,241,000 after purchasing an additional 2,634 shares during the last quarter. 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.