International Money Express (NASDAQ:IMXI) Given Buy Rating at Needham & Company LLC

International Money Express (NASDAQ:IMXI - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research note issued on Thursday, Benzinga reports. They currently have a $25.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 18.37% from the stock's current price.

Several other equities analysts have also commented on the company. Monness Crespi & Hardt initiated coverage on International Money Express in a report on Wednesday, March 20th. They set a "buy" rating and a $27.00 target price for the company. BMO Capital Markets decreased their price objective on International Money Express from $30.00 to $29.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, International Money Express presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

International Money Express Stock Up 5.5 %

NASDAQ IMXI traded up $1.10 on Thursday, hitting $21.12. 678,178 shares of the stock traded hands, compared to its average volume of 236,855. The stock has a 50-day moving average of $21.27 and a 200 day moving average of $20.75. International Money Express has a twelve month low of $15.76 and a twelve month high of $26.25. The company has a market capitalization of $712.38 million, a P/E ratio of 12.77 and a beta of 0.76. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37.

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

Insider Buying and Selling at International Money Express

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $21.13, for a total transaction of $500,781.00. Following the completion of the transaction, the insider now directly owns 105,677 shares of the company's stock, valued at approximately $2,232,955.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On International Money Express

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in shares of International Money Express during the 4th quarter valued at $38,000. New York State Teachers Retirement System acquired a new stake in shares of International Money Express during the 4th quarter valued at $65,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of International Money Express during the 4th quarter valued at $95,000. SG Americas Securities LLC acquired a new stake in shares of International Money Express during the 3rd quarter valued at $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of International Money Express by 39.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company's stock valued at $154,000 after acquiring an additional 2,585 shares during the last quarter. Institutional investors and hedge funds 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.