International Money Express (NASDAQ:IMXI) Shares Gap Up to $19.59

International Money Express, Inc. (NASDAQ:IMXI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $19.59, but opened at $20.53. International Money Express shares last traded at $20.03, with a volume of 107,326 shares changing hands.

Analysts Set New Price Targets

IMXI has been the topic of a number of analyst reports. BMO Capital Markets lowered their price objective on International Money Express from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Monness Crespi & Hardt assumed coverage on shares of International Money Express in a research report on Wednesday, March 20th. They issued a “buy” rating and a $27.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

International Money Express Stock Up 2.3 %

The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of $21.26 and a two-hundred day simple moving average of $20.76. The firm has a market capitalization of $675.95 million, a P/E ratio of 12.32 and a beta of 0.76.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Tuesday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. International Money Express had a return on equity of 42.30% and a net margin of 9.03%. The company had revenue of $171.78 million for the quarter, compared to the consensus estimate of $175.55 million. On average, equities analysts predict that International Money Express, Inc. will post 2.05 EPS for the current fiscal year.

Insider Transactions at International Money Express

In related news, insider Joseph Aguilar sold 23,700 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $21.13, for a total value of $500,781.00. Following the transaction, the insider now owns 105,677 shares of the company’s stock, valued at approximately $2,232,955.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On International Money Express

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in International Money Express by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,163,976 shares of the company’s stock valued at $36,636,000 after acquiring an additional 205,954 shares in the last quarter. Voss Capital LLC grew its stake in International Money Express by 22.9% in the fourth quarter. Voss Capital LLC now owns 1,680,047 shares of the company’s stock valued at $37,112,000 after purchasing an additional 313,135 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of International Money Express by 9.1% during the third quarter. Wellington Management Group LLP now owns 1,651,169 shares of the company’s stock valued at $27,954,000 after buying an additional 138,002 shares during the last quarter. Investment Management Associates Inc. ADV grew its position in shares of International Money Express by 15.0% in the 4th quarter. Investment Management Associates Inc. ADV now owns 881,693 shares of the company’s stock worth $19,477,000 after buying an additional 115,294 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of International Money Express by 3,421.5% during the 1st quarter. LSV Asset Management now owns 692,853 shares of the company’s stock worth $15,818,000 after acquiring an additional 673,178 shares in the last quarter. 86.71% of the stock is 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.