International Money Express (NASDAQ:IMXI) Shares Gap Up to $19.59

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $19.59, but opened at $20.53. International Money Express shares last traded at $20.03, with a volume of 107,326 shares changing hands.

Wall Street Analysts Forecast Growth

IMXI has been the topic of several recent research reports. Monness Crespi & Hardt assumed coverage on shares of International Money Express in a research report on Wednesday, March 20th. They set a "buy" rating and a $27.00 target price on the stock. BMO Capital Markets lowered their target price on shares of International Money Express from $30.00 to $29.00 and set an "outperform" rating for the company in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

International Money Express Stock Performance

The company has a market cap of $675.27 million, a P/E ratio of 12.32 and a beta of 0.76. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.37. The company's 50-day moving average is $21.26 and its two-hundred day moving average is $20.76.

International Money Express (NASDAQ:IMXI - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. The firm had revenue of $171.78 million during the quarter, compared to the consensus estimate of $175.55 million. Equities analysts predict that International Money Express, Inc. will post 2.05 EPS for the current year.

Insider Activity

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the sale, the insider now owns 105,677 shares of the company's stock, valued at $2,232,955.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.50% of the company's stock.

Institutional Trading of International Money Express

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in International Money Express during the 4th quarter valued at $38,000. New York State Teachers Retirement System purchased a new stake in International Money Express in the fourth quarter worth about $65,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of International Money Express in the fourth quarter worth $95,000. SG Americas Securities LLC purchased a new position in International Money Express in the third quarter worth about $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of International Money Express by 39.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company's stock worth $154,000 after purchasing an additional 2,585 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Company Profile

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.