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

Key Points

• Brokerages have a consensus "Hold" rating on IMXI (five analysts), with an average 12‑month price target of $11.50, notably below the recent share price of about $15.94.
• Large institutional owners have been increasing positions—AllianceBernstein boosted holdings dramatically to 2,060,904 shares—and institutional investors now own about 86.71% of the company.
• IMXI has a market cap of roughly $480 million and a P/E of about 14.8, and is trading near its 52‑week high (around $15.95) after a $8.58 low over the past year.

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.50.

Several equities analysts have recently weighed in on IMXI shares. Wall Street Zen upgraded shares of International Money Express to a "hold" rating in a research report on Saturday, April 18th. Weiss Ratings upgraded shares of International Money Express from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, March 4th.

Hedge Funds Weigh In On International Money Express

Large investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its holdings in shares of 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 worth $28,791,000 after buying an additional 2,027,344 shares during the period. Magnetar Financial LLC boosted its holdings 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 worth $29,439,000 after buying an additional 44,596 shares during the period. Man Group plc boosted its holdings 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 worth $17,710,000 after buying an additional 586,044 shares during the period. Fort Baker Capital Management LP acquired a new position in shares of International Money Express in the fourth quarter worth about $14,616,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of International Money Express by 158.1% in the first quarter. Hsbc Holdings PLC now owns 560,585 shares of the company's stock worth $8,860,000 after buying an additional 343,381 shares during the period. Institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

International Money Express stock opened at $15.94 on Monday. The stock has a market cap of $480.43 million, a price-to-earnings ratio of 14.76 and a beta of 0.78. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.31. The company's 50-day moving average price is $15.82 and its two-hundred day moving average price is $15.47. International Money Express has a 52 week low of $8.58 and a 52 week high of $15.95.

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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