International Money Express (NASDAQ:IMXI) Cut to Hold at Northland Capmk

Northland Capmk cut shares of International Money Express (NASDAQ:IMXI) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of International Money Express from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $18.00 to $11.00 in a research note on Friday, May 9th. UBS Group dropped their price objective on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.60.

International Money Express Price Performance

NASDAQ IMXI opened at $14.68 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.75 and a current ratio of 1.63. The firm’s 50 day moving average price is $10.32 and its 200-day moving average price is $12.63. International Money Express has a 52-week low of $8.58 and a 52-week high of $22.37. The company has a market cap of $442.28 million, a PE ratio of 8.95 and a beta of 1.02.

Institutional Investors Weigh In On International Money Express

Several institutional investors have recently bought and sold shares of IMXI. JPMorgan Chase & Co. boosted its stake in International Money Express by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 295,983 shares of the company’s stock valued at $6,165,000 after acquiring an additional 74,874 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of International Money Express by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company’s stock worth $17,725,000 after buying an additional 2,292 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of International Money Express by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock worth $312,000 after buying an additional 5,050 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of International Money Express by 0.8% in the fourth quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company’s stock worth $1,822,000 after buying an additional 698 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of International Money Express by 5.2% in the fourth quarter. Invesco Ltd. now owns 66,643 shares of the company’s stock worth $1,388,000 after buying an additional 3,322 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.