International Money Express, Inc. (NASDAQ:IMXI) Receives $24.50 Average Target Price from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.50.

Several research analysts recently weighed in on IMXI shares. Needham & Company LLC dropped their price objective on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. UBS Group dropped their price objective on shares of 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. Finally, 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.

Institutional Trading of International Money Express

A number of institutional investors have recently bought and sold shares of the business. Voss Capital LP grew its holdings in International Money Express by 6.5% during the 4th quarter. Voss Capital LP now owns 1,825,000 shares of the company’s stock worth $38,015,000 after acquiring an additional 111,562 shares during the period. Wellington Management Group LLP grew its holdings in 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 worth $28,788,000 after acquiring an additional 109,293 shares during the period. Forager Capital Management LLC grew its holdings in International Money Express by 27.1% during 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. New South Capital Management Inc. grew its holdings in shares of International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock valued at $23,582,000 after buying an additional 209,711 shares during the period. Finally, LSV Asset Management grew its holdings in shares of International Money Express by 40.7% in the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company’s stock valued at $22,554,000 after buying an additional 313,303 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

IMXI stock opened at $13.37 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a 50 day moving average price of $18.46 and a 200 day moving average price of $19.00. International Money Express has a fifty-two week low of $13.25 and a fifty-two week high of $23.28. The stock has a market capitalization of $409.82 million, a PE ratio of 7.47 and a beta of 0.87.

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.