International Money Express (NASDAQ:IMXI) Upgraded to Hold at Wall Street Zen

International Money Express (NASDAQ:IMXI) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings cut International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, International Money Express currently has a consensus rating of “Reduce”.

International Money Express Stock Performance

NASDAQ:IMXI opened at $14.97 on Friday. The business’s 50-day moving average price is $15.68 and its two-hundred day moving average price is $15.54. International Money Express has a twelve month low of $8.58 and a twelve month high of $15.95. The stock has a market cap of $450.45 million, a P/E ratio of 17.61 and a beta of 0.78. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.57.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Monday, May 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.28). International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The business had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $141.02 million. As a group, equities analysts predict that International Money Express will post 1.86 EPS for the current fiscal year.

Hedge Funds Weigh In On International Money Express

Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its position in shares of International Money Express by 6,041.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after purchasing an additional 2,027,344 shares during the last quarter. Magnetar Financial LLC increased its position in shares of International Money Express by 2.4% during the 4th quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock valued at $29,439,000 after purchasing an additional 44,596 shares during the last quarter. Man Group plc grew its position in International Money Express by 103.4% during the 4th quarter. Man Group plc now owns 1,153,023 shares of the company’s stock worth $17,710,000 after acquiring an additional 586,044 shares during the last quarter. Fort Baker Capital Management LP bought a new position in International Money Express during the 4th quarter worth approximately $14,616,000. Finally, Capula Management Ltd bought a new position in International Money Express during the 1st quarter worth approximately $9,957,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.