UBS Group Cuts International Money Express (NASDAQ:IMXI) Price Target to $17.00

International Money Express (NASDAQ:IMXI) had its price objective trimmed by UBS Group from $22.00 to $17.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on the stock. Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. BMO Capital Markets increased their price target on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC reduced their price target on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday. Finally, Northland Securities increased their price target on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.50.

International Money Express Price Performance

NASDAQ IMXI opened at $14.22 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $19.01 and a 200 day simple moving average of $19.08. The company has a market cap of $435.87 million, a P/E ratio of 7.94 and a beta of 0.87. International Money Express has a 1 year low of $13.99 and a 1 year high of $23.28.

Hedge Funds Weigh In On International Money Express

Hedge funds have recently made changes to their positions in the business. Aquatic Capital Management LLC acquired a new position in shares of International Money Express in the 4th quarter valued at $169,000. Lazard Asset Management LLC raised its stake in shares of International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock valued at $235,000 after buying an additional 654 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after buying an additional 2,182 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of International Money Express by 90.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after buying an additional 5,499 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of International Money Express during the 4th quarter worth about $281,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.