International Money Express, Inc. (NASDAQ:IMXI) Receives $27.00 Average Target Price from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $27.00.

IMXI has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Needham & Company LLC increased their price target on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Monness Crespi & Hardt cut their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Northland Securities upped their price objective on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Oppenheimer started coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock.

International Money Express Stock Down 0.5 %

Shares of NASDAQ:IMXI opened at $20.68 on Friday. The company’s fifty day moving average is $19.95 and its two-hundred day moving average is $19.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express has a 1-year low of $16.17 and a 1-year high of $23.28. The stock has a market capitalization of $643.13 million, a price-to-earnings ratio of 11.55 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IMXI. nVerses Capital LLC lifted its holdings in International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of International Money Express in the 2nd quarter worth approximately $91,000. Quarry LP boosted its holdings in shares of International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after acquiring an additional 2,533 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after acquiring an additional 5,621 shares during the period. Finally, SG Americas Securities LLC bought a new stake in International Money Express during the second quarter worth approximately $364,000. 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.