INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) Given Average Rating of "Hold" by 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 earned a consensus recommendation of "Hold" from the eight analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.60.

A number of research analysts recently commented on the company. BMO Capital Markets downgraded INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th. UBS Group reduced their price target on INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Wall Street Zen raised INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Northland Capmk downgraded INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Zacks Research downgraded INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th.

Institutional Trading of INTERNATIONAL MONEY EXPRESS

Several institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP raised its stake in INTERNATIONAL MONEY EXPRESS by 540.3% during the second quarter. Engineers Gate Manager LP now owns 72,127 shares of the company's stock valued at $728,000 after buying an additional 60,863 shares in the last quarter. BNP Paribas Financial Markets raised its stake in INTERNATIONAL MONEY EXPRESS by 542.4% during the second quarter. BNP Paribas Financial Markets now owns 44,963 shares of the company's stock valued at $454,000 after buying an additional 37,964 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in INTERNATIONAL MONEY EXPRESS by 26.0% during the second quarter. Brevan Howard Capital Management LP now owns 35,936 shares of the company's stock valued at $363,000 after buying an additional 7,405 shares in the last quarter. Jane Street Group LLC raised its stake in INTERNATIONAL MONEY EXPRESS by 280.6% during the second quarter. Jane Street Group LLC now owns 187,095 shares of the company's stock valued at $1,888,000 after buying an additional 137,938 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in INTERNATIONAL MONEY EXPRESS during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.71% of the company's stock.

INTERNATIONAL MONEY EXPRESS Price Performance

IMXI remained flat at $14.50 on Wednesday. The company had a trading volume of 248,442 shares, compared to its average volume of 1,294,726. The firm has a market cap of $430.36 million, a PE ratio of 8.84 and a beta of 0.96. INTERNATIONAL MONEY EXPRESS has a 1 year low of $8.58 and a 1 year high of $22.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50-day moving average of $11.32 and a 200 day moving average of $12.15.

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.