International Money Express (NASDAQ:IMXI) Given New $20.00 Price Target at Needham & Company LLC

International Money Express (NASDAQ:IMXI) had its price target reduced by Needham & Company LLC from $25.00 to $20.00 in a research note published on Monday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also commented on IMXI. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Northland Securities boosted their price objective on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.50.

International Money Express Stock Down 3.2 %

IMXI stock opened at $14.23 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $436.18 million, a PE ratio of 7.95 and a beta of 0.87. International Money Express has a twelve month low of $14.10 and a twelve month high of $23.28. The stock has a 50-day simple moving average of $19.14 and a two-hundred day simple moving average of $19.11.

Institutional Trading of International Money Express

A number of hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of International Money Express by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,046 shares of the company’s stock valued at $376,000 after purchasing an additional 630 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after purchasing an additional 637 shares during the period. Lazard Asset Management LLC boosted its stake in shares of International Money Express by 6.1% during the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock valued at $235,000 after purchasing an additional 654 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of International Money Express by 0.8% during the fourth quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company’s stock valued at $1,822,000 after purchasing an additional 698 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares during the period. 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.