International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI) have received an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.3333.

A number of equities analysts recently issued reports on the stock. Northland Capmk cut shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of International Money Express in a report on Monday, November 24th. Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. 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

Several hedge funds have recently modified their holdings of IMXI. Alliancebernstein L.P. boosted its position in shares of International Money Express by 6,041.0% during the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after buying an additional 2,027,344 shares during the last quarter. Voss Capital LP raised its position in International Money Express by 6.7% in the 1st quarter. Voss Capital LP now owns 1,947,854 shares of the company’s stock worth $24,582,000 after buying an additional 122,854 shares during the last quarter. Forager Capital Management LLC lifted its stake in International Money Express by 30.5% during the 2nd quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock valued at $19,637,000 after acquiring an additional 455,000 shares during the period. Magnetar Financial LLC boosted its holdings in shares of International Money Express by 3,580.7% during the 3rd quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock valued at $26,151,000 after acquiring an additional 1,821,116 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of International Money Express by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock valued at $8,659,000 after acquiring an additional 12,894 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Trading Down 0.1%

International Money Express stock opened at $15.35 on Friday. International Money Express has a 12 month low of $8.58 and a 12 month high of $22.30. The company has a market capitalization of $456.20 million, a price-to-earnings ratio of 11.99 and a beta of 0.87. The business’s fifty day simple moving average is $14.83 and its two-hundred day simple moving average is $12.85. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17.

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.