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

Key Points

• Consensus rating: Five analysts give International Money Express a consensus "Hold" with an average 12-month price target of $11.50, below the recent share price around $15.80 (12‑month range $8.58–$15.90).
• Q results missed estimates: The company reported EPS of $0.41 versus a $0.53 consensus and revenue of $147.41M versus $162.95M, though it still shows a PE of 14.63 and a 29% return on equity.
• High institutional ownership: About 86.71% of shares are held by institutions, with large stake increases from firms including AllianceBernstein, Man Group and Goldman Sachs.

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has been given a consensus recommendation of "Hold" by the five ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $11.50.

Separately, Weiss Ratings raised International Money Express from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, March 4th.

International Money Express Price Performance

Shares of IMXI opened at $15.80 on Thursday. International Money Express has a 12-month low of $8.58 and a 12-month high of $15.90. The business has a 50-day simple moving average of $15.70 and a two-hundred day simple moving average of $15.28. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.31. The stock has a market cap of $476.21 million, a PE ratio of 14.63 and a beta of 0.84.

International Money Express (NASDAQ:IMXI - Get Free Report) last issued its earnings results on Friday, March 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.12). International Money Express had a return on equity of 29.00% and a net margin of 5.38%.The firm had revenue of $147.41 million during the quarter, compared to analyst estimates of $162.95 million. Analysts anticipate that International Money Express will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of International Money Express

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in International Money Express by 6,041.0% in the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company's stock valued at $28,791,000 after purchasing an additional 2,027,344 shares during the period. Magnetar Financial LLC increased its stake in shares of International Money Express by 2.4% in the fourth quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company's stock valued at $29,439,000 after buying an additional 44,596 shares during the period. Man Group plc increased its stake in shares of International Money Express by 103.4% in the fourth quarter. Man Group plc now owns 1,153,023 shares of the company's stock valued at $17,710,000 after buying an additional 586,044 shares during the period. Fort Baker Capital Management LP acquired a new stake in shares of International Money Express in the fourth quarter valued at about $14,616,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of International Money Express by 24.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 482,752 shares of the company's stock valued at $7,415,000 after buying an additional 94,110 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Company Profile

International Money Express, Inc NASDAQ: IMXI is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.

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