International Money Express, Inc. (NASDAQ:IMXI) Receives $19.60 Average PT from Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI) have received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.60.

Several research analysts recently commented on IMXI shares. UBS Group cut their price objective on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of International Money Express in a report on Monday, April 7th. Finally, BMO Capital Markets downgraded shares of International Money Express from an “outperform” rating to a “market perform” rating and cut their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th.

International Money Express Trading Down 5.7%

Shares of IMXI stock opened at $10.28 on Friday. International Money Express has a 52-week low of $10.07 and a 52-week high of $22.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The company has a 50-day simple moving average of $11.61 and a two-hundred day simple moving average of $15.71. The company has a market capitalization of $309.72 million, a price-to-earnings ratio of 5.74 and a beta of 1.08.

Institutional Trading of International Money Express

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of International Money Express by 11.4% during the 1st quarter. Rhumbline Advisers now owns 50,607 shares of the company’s stock valued at $639,000 after buying an additional 5,189 shares in the last quarter. Strs Ohio purchased a new position in International Money Express in the 1st quarter worth $348,000. Mork Capital Management LLC bought a new stake in International Money Express in the first quarter worth $883,000. Breach Inlet Capital Management LLC lifted its stake in International Money Express by 32.8% in the first quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company’s stock worth $8,571,000 after purchasing an additional 167,887 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in International Money Express by 23.9% in the first quarter. Ancora Advisors LLC now owns 145,618 shares of the company’s stock worth $1,838,000 after purchasing an additional 28,109 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.