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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. One investment 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.3333.

IMXI has been the subject of a number of research reports. Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Money Express in a report on Monday, December 29th.

International Money Express Price Performance

IMXI stock opened at $15.49 on Friday. The stock has a market cap of $460.36 million, a price-to-earnings ratio of 12.10 and a beta of 0.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. The company has a 50 day simple moving average of $15.35 and a 200 day simple moving average of $14.03. International Money Express has a 1 year low of $8.58 and a 1 year high of $19.86.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in International Money Express by 6,189.8% during the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock worth $31,000 after buying an additional 3,033 shares during the period. Raymond James Financial Inc. bought a new position in shares of International Money Express during the second quarter valued at $40,000. CWM LLC lifted its holdings in shares of International Money Express by 186.5% during the second quarter. CWM LLC now owns 6,624 shares of the company’s stock worth $67,000 after purchasing an additional 4,312 shares during the period. New York State Common Retirement Fund grew its stake in shares of International Money Express by 7,457.6% in the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after purchasing an additional 8,800 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of International Money Express in the fourth quarter worth $138,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Company Profile

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.