Analysts Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $19.60

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.60.

A number of equities analysts recently weighed in on the stock. UBS Group lowered their target price on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of International Money Express in a research note on Monday, April 7th. Finally, BMO Capital Markets downgraded shares of International Money Express from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $18.00 to $11.00 in a research note on Friday, May 9th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Voss Capital LP grew its stake in International Money Express by 6.7% in the first quarter. Voss Capital LP now owns 1,947,854 shares of the company’s stock valued at $24,582,000 after acquiring an additional 122,854 shares during the period. LSV Asset Management lifted its holdings in shares of International Money Express by 4.0% in the 1st quarter. LSV Asset Management now owns 1,126,303 shares of the company’s stock worth $14,214,000 after purchasing an additional 43,523 shares in the last quarter. Geode Capital Management LLC grew its position in International Money Express by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company’s stock valued at $17,725,000 after purchasing an additional 2,292 shares during the period. Breach Inlet Capital Management LLC increased its stake in International Money Express by 32.8% during the 1st quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company’s stock valued at $8,571,000 after purchasing an additional 167,887 shares in the last quarter. Finally, Royce & Associates LP increased its stake in International Money Express by 0.6% during the 1st quarter. Royce & Associates LP now owns 648,711 shares of the company’s stock valued at $8,187,000 after purchasing an additional 4,001 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $10.18 on Tuesday. International Money Express has a 52 week low of $9.76 and a 52 week high of $22.38. The firm’s fifty day moving average is $10.83 and its 200-day moving average is $14.19. The firm has a market cap of $306.72 million, a PE ratio of 6.02 and a beta of 1.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.75 and a current ratio of 1.75.

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.