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

International Money Express (NASDAQ:IMXI) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Monday.

Separately, Weiss Ratings downgraded shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

International Money Express Price Performance

International Money Express stock opened at $14.99 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84. International Money Express has a 52 week low of $8.58 and a 52 week high of $15.95. The stock has a market capitalization of $451.05 million, a P/E ratio of 17.64 and a beta of 0.75. The stock has a fifty day moving average of $15.52 and a 200-day moving average of $15.53.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data 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 analyst estimates of $141.02 million. On average, sell-side analysts expect that International Money Express will post 1.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Money Express

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Groupe la Francaise raised its position in International Money Express by 69.4% in the first quarter. Groupe la Francaise now owns 182,941 shares of the company’s stock valued at $2,890,000 after purchasing an additional 74,941 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of International Money Express by 398.7% during the first quarter. Bank of America Corp DE now owns 102,951 shares of the company’s stock worth $1,627,000 after purchasing an additional 82,307 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of International Money Express during the first quarter worth about $209,000. Quantinno Capital Management LP increased its stake in shares of International Money Express by 21.5% in the first quarter. Quantinno Capital Management LP now owns 64,741 shares of the company’s stock valued at $1,023,000 after buying an additional 11,458 shares during the period. Finally, Polar Asset Management Partners Inc. increased its stake in shares of International Money Express by 5.2% in the first quarter. Polar Asset Management Partners Inc. now owns 299,876 shares of the company’s stock valued at $4,738,000 after buying an additional 14,900 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

About International Money Express

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.