International Money Express, Inc. (NASDAQ:IMXI) Receives $19.60 Average PT from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $19.60.

Several research analysts have weighed in on IMXI shares. UBS Group reduced their target price on International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of International Money Express in a research note on Monday, April 7th. Finally, 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 report on Friday, May 9th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in International Money Express during the 1st quarter worth about $31,000. New York State Common Retirement Fund boosted its position in International Money Express by 41.6% during the first 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 during the last quarter. Legato Capital Management LLC acquired a new position in International Money Express during the first quarter valued at approximately $161,000. HighTower Advisors LLC bought a new position in International Money Express in the first quarter valued at approximately $161,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of International Money Express during the 4th quarter worth approximately $169,000. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Trading Down 5.7%

Shares of NASDAQ:IMXI traded down $0.62 during mid-day trading on Friday, reaching $10.28. The stock had a trading volume of 399,193 shares, compared to its average volume of 294,383. The firm has a 50 day simple moving average of $11.61 and a two-hundred day simple moving average of $15.79. International Money Express has a twelve month low of $10.07 and a twelve month high of $22.38. The firm has a market cap of $309.72 million, a PE ratio of 5.74 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

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.