International Money Express, Inc. (NASDAQ:IMXI) Receives Average Rating of "Hold" from Brokerages

Key Points

• International Money Express, Inc. has received a consensus rating of "Hold" from seven brokerages, with five holding and two recommending a buy on the stock.
• The average 12-month price target for the company's stock is $19.60, reflecting a significant variation in analyst perspectives.
• Institutional investors hold a dominating 86.71% stake in International Money Express, indicating strong institutional confidence in the company.

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $19.60.

Several research analysts recently weighed in on the stock. Zacks Research lowered shares of International Money Express from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Northland Capmk lowered shares of International Money Express from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. UBS Group cut their price target on shares of International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. BMO Capital Markets lowered shares of International Money Express from an "outperform" rating to a "market perform" rating and cut their price target for the company from $18.00 to $11.00 in a research note on Friday, May 9th. Finally, Wall Street Zen raised shares of International Money Express from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IMXI. Quarry LP bought a new position in International Money Express in the first quarter valued at approximately $31,000. Parallel Advisors LLC lifted its stake 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 buying an additional 3,033 shares in the last quarter. Raymond James Financial Inc. bought a new position in International Money Express in the second quarter valued at approximately $40,000. CWM LLC lifted its stake in International Money Express by 186.5% in the second quarter. CWM LLC now owns 6,624 shares of the company's stock valued at $67,000 after buying an additional 4,312 shares in the last quarter. Finally, EMC Capital Management bought a new position in International Money Express in the second quarter valued at approximately $92,000. Institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

International Money Express stock remained flat at $14.50 during midday trading on Wednesday. 248,442 shares of the company traded hands, compared to its average volume of 1,294,726. The firm has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $12.18. International Money Express has a twelve month low of $8.58 and a twelve month high of $22.37. The stock has a market capitalization of $430.42 million, a PE ratio of 8.84 and a beta of 0.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63.

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.