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

International Money Express, Inc. (NASDAQ:IMXI) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.3333.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of International Money Express in a research report on Monday, December 29th.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $15.55 on Wednesday. The firm has a market cap of $462.15 million, a price-to-earnings ratio of 12.15 and a beta of 0.87. The firm has a fifty day moving average price of $15.46 and a 200 day moving average price of $14.79. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $18.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.03 and a current ratio of 2.03.

Institutional Trading of International Money Express

Several hedge funds have recently modified their holdings of IMXI. Raymond James Financial Inc. bought a new stake in International Money Express in the second quarter worth $40,000. CWM LLC increased its holdings in shares of International Money Express by 186.5% in the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock worth $67,000 after buying an additional 4,312 shares during the last quarter. EMC Capital Management purchased a new stake in shares of International Money Express during the 2nd quarter valued at about $92,000. Russell Investments Group Ltd. lifted its holdings in shares of International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after acquiring an additional 1,840 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in International Money Express by 7,457.6% during the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after acquiring an additional 8,800 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.