Monness Crespi & Hardt Downgrades International Money Express (NASDAQ:IMXI) to Neutral

International Money Express (NASDAQ:IMXI) was downgraded by research analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a report issued on Thursday,Finviz reports.

A number of other analysts also recently issued reports on IMXI. Northland Securities lifted their price objective on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. BMO Capital Markets lifted their price target on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Oppenheimer started coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Needham & Company LLC boosted their target price on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, International Money Express has an average rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Trading Down 2.4 %

Shares of IMXI opened at $20.11 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express has a 1-year low of $16.17 and a 1-year high of $23.28. The company has a market capitalization of $625.42 million, a P/E ratio of 11.23 and a beta of 0.89. The firm’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $19.48.

Hedge Funds Weigh In On International Money Express

Several institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC grew its holdings in shares of International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares during the last quarter. Quarry LP raised its stake in shares of International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after acquiring an additional 2,533 shares during the last quarter. SG Americas Securities LLC boosted its holdings 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 during the period. Meeder Asset Management Inc. boosted its holdings in shares of International Money Express by 90.7% during the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after purchasing an additional 5,499 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of International Money Express by 973.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company’s stock worth $387,000 after purchasing an additional 16,849 shares during the last quarter. 86.71% of the stock is currently owned by 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.