Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) PT at $17.50

International Money Express, Inc. (NASDAQ:IMXI) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.3333.

Several equities analysts have recently issued reports on the company. Weiss Ratings cut International Money Express from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Northland Capmk downgraded shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised shares of International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of International Money Express in the 1st quarter valued at approximately $31,000. Parallel Advisors LLC raised its holdings in International Money Express by 6,189.8% in the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock worth $31,000 after purchasing an additional 3,033 shares in the last quarter. Raymond James Financial Inc. bought a new position in International Money Express in the second quarter worth $40,000. CWM LLC lifted its position in International Money Express by 186.5% during the second quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after buying an additional 4,312 shares during the period. Finally, EMC Capital Management bought a new stake in shares of International Money Express during the 2nd quarter valued at $92,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 0.1%

NASDAQ IMXI opened at $15.10 on Monday. International Money Express has a 1 year low of $8.58 and a 1 year high of $22.37. The stock has a market capitalization of $448.77 million, a PE ratio of 11.80 and a beta of 0.91. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 1.63. The business’s 50-day moving average is $14.60 and its 200 day moving average is $12.48.

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.