International Money Express, Inc. (NASDAQ:IMXI) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in International Money Express, Inc. (NASDAQ:IMXI) by 15.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 50,133 shares of the company’s stock after acquiring an additional 6,560 shares during the period. Penserra Capital Management LLC’s holdings in International Money Express were worth $926,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IMXI. nVerses Capital LLC boosted its stake in International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after purchasing an additional 1,200 shares in the last quarter. CWM LLC lifted its holdings in shares of International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after buying an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC bought a new position in International Money Express during the second quarter valued at about $91,000. Quarry LP raised its position in International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after acquiring an additional 2,533 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in International Money Express by 1,277.5% in the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after acquiring an additional 5,621 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer began coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Needham & Company LLC increased their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BTIG Research restated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Monness Crespi & Hardt reduced their price objective on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, BMO Capital Markets lifted their target price on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

International Money Express Stock Up 0.3 %

Shares of NASDAQ:IMXI opened at $21.10 on Thursday. The firm has a 50 day simple moving average of $18.81 and a 200 day simple moving average of $19.43. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $656.21 million, a PE ratio of 11.79 and a beta of 0.82.

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.