International Money Express, Inc. (NASDAQ:IMXI) Given Consensus Rating of "Hold" by Brokerages

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $19.60.

IMXI has been the topic of several research analyst reports. BMO Capital Markets downgraded shares of International Money Express from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. UBS Group decreased 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of International Money Express in a research note on Monday, April 7th.

International Money Express Stock Performance

IMXI stock opened at $10.25 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $308.83 million, a P/E ratio of 6.07 and a beta of 1.04. The firm has a 50 day simple moving average of $10.99 and a 200 day simple moving average of $14.48. International Money Express has a 52 week low of $9.76 and a 52 week high of $22.38.

Institutional Investors Weigh In On International Money Express

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in International Money Express by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,046 shares of the company's stock worth $376,000 after buying an additional 630 shares in the last quarter. Lazard Asset Management LLC lifted its position in International Money Express by 6.1% during the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after buying an additional 654 shares in the last quarter. Russell Investments Group Ltd. lifted its position in International Money Express by 0.8% during the 4th quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company's stock worth $1,822,000 after buying an additional 698 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in International Money Express by 3.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 28,700 shares of the company's stock worth $362,000 after buying an additional 1,000 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in International Money Express by 3.3% during the 1st quarter. Invesco Ltd. now owns 68,837 shares of the company's stock worth $869,000 after purchasing an additional 2,194 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

About International Money Express

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.

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