International Money Express' (IMXI) "Buy" Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of International Money Express (NASDAQ:IMXI - Free Report) in a report issued on Monday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

A number of other research firms also recently issued reports on IMXI. Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. UBS Group decreased their price objective on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $24.50.

International Money Express Stock Down 1.2 %

Shares of IMXI stock traded down $0.14 during trading hours on Monday, reaching $11.76. The company had a trading volume of 243,324 shares, compared to its average volume of 270,588. The business has a fifty day simple moving average of $14.78 and a 200-day simple moving average of $18.02. International Money Express has a 12 month low of $11.27 and a 12 month high of $22.38. The company has a market cap of $360.47 million, a price-to-earnings ratio of 6.57 and a beta of 1.01. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Institutional Investors Weigh In On International Money Express

Large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in International Money Express by 11.4% in the first quarter. Rhumbline Advisers now owns 50,607 shares of the company's stock worth $639,000 after buying an additional 5,189 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of International Money Express by 7,708.8% during the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock worth $790,000 after acquiring an additional 6,167 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in International Money Express in the 4th quarter worth about $3,120,000. Public Employees Retirement System of Ohio raised its stake in International Money Express by 31.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 326,180 shares of the company's stock valued at $6,794,000 after acquiring an additional 77,515 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in International Money Express by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company's stock valued at $1,331,000 after purchasing an additional 5,597 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Company Profile

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.