INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) Given Consensus Rating of "Hold" by Analysts

Key Points

• Brokerages have given International Money Express, Inc. (NASDAQ:IMXI) an average rating of "Hold", with one sell rating, five holds, and two buy ratings.
• The average target price for IMXI among analysts is $19.60, reflecting mixed sentiment about the stock's future performance.
• Institutional investors hold 86.71% of IMXI's stock, indicating substantial confidence in the company from major financial players.

Shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $19.60.

Several analysts recently weighed in on IMXI shares. Northland Capmk lowered INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Zacks Research cut shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. 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 shares of INTERNATIONAL MONEY EXPRESS by 6,189.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company's stock valued at $31,000 after purchasing an additional 3,033 shares during the period. Raymond James Financial Inc. bought a new stake in INTERNATIONAL MONEY EXPRESS in the second quarter valued at $40,000. GAMMA Investing LLC increased its stake in INTERNATIONAL MONEY EXPRESS by 7,708.8% in the first quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock valued at $790,000 after purchasing an additional 6,167 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of INTERNATIONAL MONEY EXPRESS by 186.5% in the 2nd quarter. CWM LLC now owns 6,624 shares of the company's stock worth $67,000 after acquiring an additional 4,312 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

INTERNATIONAL MONEY EXPRESS Price Performance

Shares of IMXI traded down $0.06 on Friday, reaching $14.40. The stock had a trading volume of 669,710 shares, compared to its average volume of 368,176. The firm has a 50-day moving average of $12.49 and a 200 day moving average of $11.95. The firm has a market capitalization of $427.39 million, a PE ratio of 8.78 and a beta of 0.96. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. INTERNATIONAL MONEY EXPRESS has a twelve month low of $8.58 and a twelve month high of $22.37.

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.