International Money Express (NASDAQ:IMXI) Stock Rating Upgraded by Wall Street Zen

International Money Express (NASDAQ:IMXI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

IMXI has been the subject of a number of other research reports. UBS Group lowered their price target 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. Northland Capmk lowered shares of International Money Express from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, BMO Capital Markets lowered shares of International Money Express from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Money Express has an average rating of “Hold” and a consensus target price of $19.60.

International Money Express Stock Performance

Shares of International Money Express stock opened at $14.42 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.75. The firm has a market cap of $427.99 million, a P/E ratio of 8.79 and a beta of 1.02. The firm has a 50 day simple moving average of $10.44 and a 200 day simple moving average of $12.56. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $22.37.

Institutional Trading of International Money Express

A number of institutional investors have recently bought and sold shares of IMXI. Geode Capital Management LLC grew its holdings in International Money Express by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company’s stock worth $17,725,000 after acquiring an additional 2,292 shares during the period. Wells Fargo & Company MN grew its holdings in International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock worth $312,000 after acquiring an additional 5,050 shares during the period. Russell Investments Group Ltd. grew its holdings in International Money Express by 0.8% during the 4th quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company’s stock worth $1,822,000 after acquiring an additional 698 shares during the period. Invesco Ltd. grew its holdings in International Money Express by 5.2% during the 4th quarter. Invesco Ltd. now owns 66,643 shares of the company’s stock worth $1,388,000 after acquiring an additional 3,322 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in International Money Express by 25.5% during the 4th quarter. Renaissance Technologies LLC now owns 147,300 shares of the company’s stock worth $3,068,000 after acquiring an additional 29,900 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.