International Money Express, Inc. (NASDAQ:IMXI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.00.

Several research firms have recently commented on IMXI. BMO Capital Markets lifted their price objective on International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Monness Crespi & Hardt began coverage on International Money Express in a report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of International Money Express in a report on Thursday, May 9th. Finally, BTIG Research initiated coverage on International Money Express in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 price target on the stock.

International Money Express Trading Up 0.6 %

Shares of IMXI stock opened at $20.51 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $21.09. International Money Express has a 12-month low of $15.76 and a 12-month high of $26.25. The firm has a market cap of $669.45 million, a P/E ratio of 12.28 and a beta of 0.84.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $150.41 million during the quarter, compared to analyst estimates of $150.60 million. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. Equities analysts anticipate that International Money Express will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of International Money Express by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,651,169 shares of the company’s stock worth $27,954,000 after purchasing an additional 138,002 shares in the last quarter. Breach Inlet Capital Management LLC bought a new position in International Money Express in the 4th quarter valued at approximately $9,736,000. ABS Direct Equity Fund LLC bought a new position in International Money Express in the 4th quarter valued at approximately $1,879,000. Ancora Advisors LLC lifted its position in International Money Express by 107.6% in the 3rd quarter. Ancora Advisors LLC now owns 103,411 shares of the company’s stock valued at $1,751,000 after acquiring an additional 53,602 shares in the last quarter. Finally, Voss Capital LLC lifted its position in International Money Express by 22.9% in the 4th quarter. Voss Capital LLC now owns 1,680,047 shares of the company’s stock valued at $37,112,000 after acquiring an additional 313,135 shares in the last quarter. Hedge funds and other 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.