Analysts Set International Money Express, Inc. (NASDAQ:IMXI) Target Price at $14.33

International Money Express, Inc. (NASDAQ:IMXI) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.3333.

Separately, Weiss Ratings upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th.

International Money Express Stock Performance

NASDAQ:IMXI opened at $15.78 on Friday. International Money Express has a twelve month low of $8.58 and a twelve month high of $15.81. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $15.60 and a 200-day moving average of $15.14. The firm has a market cap of $475.61 million, a price-to-earnings ratio of 14.61 and a beta of 0.86.

International Money Express (NASDAQ:IMXI) last released its earnings results on Friday, March 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.12). International Money Express had a return on equity of 29.00% and a net margin of 5.38%.The business had revenue of $147.41 million during the quarter, compared to the consensus estimate of $162.95 million. Analysts forecast that International Money Express will post 1.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Money Express

A number of hedge funds have recently modified their holdings of IMXI. Alliancebernstein L.P. raised its position in shares of International Money Express by 6,041.0% during the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock worth $28,791,000 after purchasing an additional 2,027,344 shares during the period. Magnetar Financial LLC lifted its holdings in shares of International Money Express by 3,580.7% during the third quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock valued at $26,151,000 after purchasing an additional 1,821,116 shares during the last quarter. Fort Baker Capital Management LP acquired a new position in shares of International Money Express in the 4th quarter valued at $14,616,000. Man Group plc boosted its position in shares of International Money Express by 103.4% in the 4th quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after purchasing an additional 586,044 shares during the period. Finally, Forager Capital Management LLC increased its stake in International Money Express by 30.5% in the 2nd quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock worth $19,637,000 after purchasing an additional 455,000 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.