International Money Express, Inc. (NASDAQ:IMXI) Receives $24.50 Average Price Target from Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have received an average rating of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.50.

IMXI has been the subject of a number of research analyst reports. UBS Group reduced their target price on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of International Money Express in a report on Monday, April 7th. Finally, Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd.

International Money Express Stock Up 0.5 %

International Money Express stock traded up $0.06 during trading hours on Thursday, hitting $12.50. 15,239 shares of the stock traded hands, compared to its average volume of 276,630. The company has a market cap of $383.15 million, a PE ratio of 6.97 and a beta of 1.01. The firm's 50-day moving average price is $13.41 and its two-hundred day moving average price is $17.61. International Money Express has a one year low of $11.27 and a one year high of $22.38. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

Institutional Investors Weigh In On International Money Express

Several institutional investors and hedge funds have recently made changes to their positions in the business. Voss Capital LP grew its holdings in shares of International Money Express by 6.5% during the 4th quarter. Voss Capital LP now owns 1,825,000 shares of the company's stock worth $38,015,000 after purchasing an additional 111,562 shares during the period. New South Capital Management Inc. increased its holdings in shares of International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock valued at $23,582,000 after acquiring an additional 209,711 shares during the last quarter. LSV Asset Management raised its position in shares of International Money Express by 40.7% during the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock valued at $22,554,000 after acquiring an additional 313,303 shares in the last quarter. Investment Management Associates Inc. ADV boosted its holdings in International Money Express by 1.9% in the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock worth $18,731,000 after purchasing an additional 16,530 shares during the period. Finally, Geode Capital Management LLC increased its stake in International Money Express by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock valued at $17,725,000 after purchasing an additional 2,292 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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.