International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Rating of “Hold” from Brokerages

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

Several equities research analysts have weighed in on IMXI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a research report on Monday, December 22nd. Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th.

International Money Express Stock Performance

NASDAQ:IMXI opened at $15.36 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.03 and a current ratio of 2.03. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $21.40. The firm has a market cap of $456.50 million, a PE ratio of 12.00 and a beta of 0.87. The business has a 50 day moving average price of $15.16 and a 200-day moving average price of $13.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its holdings in International Money Express by 2.1% in the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after buying an additional 1,881 shares during the period. Invesco Ltd. raised its holdings in shares of International Money Express by 3.3% during the first quarter. Invesco Ltd. now owns 68,837 shares of the company’s stock valued at $869,000 after acquiring an additional 2,194 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in International Money Express by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock worth $141,000 after acquiring an additional 2,224 shares during the period. Quarry LP purchased a new stake in International Money Express in the first quarter worth $31,000. Finally, Parallel Advisors LLC boosted its holdings in International Money Express by 6,189.8% in the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock valued at $31,000 after acquiring an additional 3,033 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

About International Money Express

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.