International Money Express (NASDAQ:IMXI) PT Raised to $27.00 at JMP Securities

International Money Express (NASDAQ:IMXIGet Rating) had its price objective upped by equities researchers at JMP Securities from $26.00 to $27.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price objective indicates a potential upside of 14.65% from the company’s previous close.

International Money Express Trading Up 2.3 %

NASDAQ IMXI opened at $23.55 on Friday. The stock has a market capitalization of $872.76 million, a price-to-earnings ratio of 16.02 and a beta of 0.52. International Money Express has a one year low of $15.07 and a one year high of $27.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.38 and a quick ratio of 2.38. The business’s fifty day moving average is $21.95 and its 200-day moving average is $23.15.

International Money Express (NASDAQ:IMXIGet Rating) last released its earnings results on Wednesday, November 9th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $140.77 million for the quarter, compared to analysts’ expectations of $144.35 million. International Money Express had a return on equity of 42.07% and a net margin of 11.05%. Equities research analysts predict that International Money Express will post 1.61 EPS for the current year.

Insider Transactions at International Money Express

In related news, Director John Rincon sold 26,445 shares of the business’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $21.15, for a total value of $559,311.75. Following the sale, the director now directly owns 32,045 shares in the company, valued at approximately $677,751.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IMXI. Point72 Hong Kong Ltd purchased a new position in International Money Express during the 1st quarter valued at about $32,000. Great West Life Assurance Co. Can purchased a new position in International Money Express during the 3rd quarter valued at about $38,000. Penserra Capital Management LLC purchased a new position in International Money Express during the 1st quarter valued at about $46,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Money Express during the 3rd quarter valued at about $56,000. Finally, US Bancorp DE grew its holdings in International Money Express by 2,701.0% during the 3rd quarter. US Bancorp DE now owns 2,717 shares of the company’s stock valued at $62,000 after buying an additional 2,620 shares in the last quarter. Hedge funds and other institutional investors own 87.49% of the company’s stock.

International Money Express Company Profile

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International Money Express, Inc engages in the provision of money transmittal services. It offers online money transfer, in person wire transfer, check processing, prepaid debit card, bill payment, and telewire services. The company was founded in 1994 and is headquartered in Miami, FL.

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