International Money Express, Inc. (NASDAQ:IMXI) Given Consensus Recommendation of “Hold” by Analysts

International Money Express, Inc. (NASDAQ:IMXI) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.3333.

A number of research analysts have issued reports on the stock. Zacks Research raised shares of International Money Express from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Northland Capmk cut shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings restated a “sell (d)” rating on shares of International Money Express in a report on Monday, November 24th. Finally, Wall Street Zen raised International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th.

Hedge Funds Weigh In On International Money Express

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of International Money Express by 2.5% in the 1st quarter. LPL Financial LLC now owns 218,413 shares of the company’s stock worth $2,756,000 after buying an additional 5,271 shares during the period. AlphaQuest LLC lifted its position in International Money Express by 85.9% during the 2nd quarter. AlphaQuest LLC now owns 41,017 shares of the company’s stock valued at $414,000 after acquiring an additional 18,958 shares during the period. Ancora Advisors LLC boosted its stake in International Money Express by 23.9% during the first quarter. Ancora Advisors LLC now owns 145,618 shares of the company’s stock worth $1,838,000 after acquiring an additional 28,109 shares in the last quarter. HighTower Advisors LLC purchased a new stake in International Money Express in the first quarter worth about $161,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of International Money Express by 89.2% during the second quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock valued at $406,000 after purchasing an additional 18,984 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

IMXI opened at $15.35 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $456.20 million, a PE ratio of 11.99 and a beta of 0.87. The stock’s 50 day moving average price is $14.83 and its 200-day moving average price is $12.85. International Money Express has a 52-week low of $8.58 and a 52-week high of $22.30.

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.