Analysts Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $20.50

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $20.50.

A number of brokerages recently commented on IMXI. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of International Money Express in a research report on Monday, April 7th. BMO Capital Markets cut shares of International Money Express from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, UBS Group decreased their price objective on shares of International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th.

International Money Express Trading Down 3.5%

NASDAQ:IMXI traded down $0.39 during trading hours on Monday, reaching $10.67. The company's stock had a trading volume of 211,037 shares, compared to its average volume of 284,721. The firm has a market capitalization of $321.47 million, a price-to-earnings ratio of 5.96 and a beta of 1.23. The firm has a 50-day simple moving average of $12.14 and a 200-day simple moving average of $16.78. International Money Express has a 1 year low of $10.07 and a 1 year high of $22.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

Hedge Funds Weigh In On International Money Express

A number of hedge funds have recently modified their holdings of IMXI. Quarry LP purchased a new position in shares of International Money Express in the first quarter valued at about $31,000. New York State Common Retirement Fund boosted its stake in shares of International Money Express by 41.6% during the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock valued at $129,000 after purchasing an additional 3,000 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of International Money Express during the 1st quarter valued at about $161,000. HighTower Advisors LLC bought a new stake in shares of International Money Express during the 1st quarter valued at about $161,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of International Money Express during the 4th quarter valued at about $169,000. Hedge funds and other institutional investors 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.