International Money Express (NASDAQ:IMXI) Stock Rating Upgraded by Wall Street Zen

International Money Express (NASDAQ:IMXI) was upgraded by Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, International Money Express presently has an average rating of “Hold” and an average target price of $11.50.

International Money Express Price Performance

International Money Express stock opened at $15.86 on Friday. International Money Express has a 52-week low of $8.58 and a 52-week high of $15.94. The firm has a fifty day moving average of $15.75 and a 200-day moving average of $15.38. The firm has a market capitalization of $478.02 million, a P/E ratio of 14.69 and a beta of 0.84. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.31.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Friday, March 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.12). International Money Express had a return on equity of 29.00% and a net margin of 5.38%.The business had revenue of $147.41 million during the quarter, compared to analyst estimates of $162.95 million. As a group, analysts predict that International Money Express will post 1.97 EPS for the current year.

Institutional Investors Weigh In On International Money Express

Large investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. acquired a new stake in shares of International Money Express in the third quarter valued at about $2,096,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of International Money Express during the third quarter valued at about $2,673,000. Alpine Associates Management Inc. acquired a new stake in shares of International Money Express during the third quarter valued at about $5,848,000. Credit Industriel ET Commercial acquired a new stake in shares of International Money Express during the third quarter valued at about $1,006,000. Finally, ABC Arbitrage SA acquired a new stake in shares of International Money Express during the third quarter valued at about $2,507,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.