International Money Express (NASDAQ:IMXI) Price Target Raised to $25.00

International Money Express (NASDAQ:IMXI) had its price objective raised by Needham & Company LLC from $22.00 to $25.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

IMXI has been the subject of several other research reports. Northland Securities raised their target price on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Oppenheimer started coverage on International Money Express in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. BMO Capital Markets raised their target price on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Monness Crespi & Hardt decreased their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Stock Up 0.1 %

Shares of International Money Express stock traded up $0.02 during midday trading on Tuesday, hitting $21.23. The company’s stock had a trading volume of 27,757 shares, compared to its average volume of 260,424. The firm has a market capitalization of $660.23 million, a P/E ratio of 11.85 and a beta of 0.82. The stock has a 50-day simple moving average of $18.30 and a 200-day simple moving average of $19.38. The company has a quick ratio of 1.88, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express has a 1-year low of $16.17 and a 1-year high of $23.28.

Institutional Investors Weigh In On International Money Express

Institutional investors and hedge funds have recently modified their holdings of the business. New South Capital Management Inc. bought a new position in International Money Express during the third quarter valued at about $17,055,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of International Money Express in the 3rd quarter valued at approximately $4,854,000. First Eagle Investment Management LLC raised its stake in shares of International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after acquiring an additional 152,464 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in International Money Express by 17.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares during the last quarter. Finally, Millennium Management LLC boosted its position in International Money Express by 92.6% during the second quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock worth $3,995,000 after purchasing an additional 92,154 shares during the period. 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.