International Money Express, Inc. (NASDAQ:IMXI) Given Average Rating of “Hold” by Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI) have received an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.3333.

IMXI has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of International Money Express in a report on Monday, December 29th. Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th.

International Money Express Trading Down 0.1%

Shares of IMXI stock opened at $15.49 on Friday. International Money Express has a 1-year low of $8.58 and a 1-year high of $19.86. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17. The stock has a market cap of $460.36 million, a price-to-earnings ratio of 12.10 and a beta of 0.88. The stock has a 50-day moving average of $15.35 and a 200-day moving average of $14.03.

Institutional Trading of International Money Express

A number of institutional investors have recently bought and sold shares of IMXI. Parallel Advisors LLC raised its position in shares of International Money Express by 6,189.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock worth $31,000 after acquiring an additional 3,033 shares in the last quarter. CWM LLC boosted its position in shares of International Money Express by 186.5% during the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after purchasing an additional 4,312 shares in the last quarter. AlphaQuest LLC grew its stake in International Money Express by 85.9% during the second quarter. AlphaQuest LLC now owns 41,017 shares of the company’s stock worth $414,000 after purchasing an additional 18,958 shares during the period. Envestnet Asset Management Inc. increased its holdings in International Money Express by 89.2% in the second quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock worth $406,000 after purchasing an additional 18,984 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in International Money Express by 47.4% in the second quarter. Penserra Capital Management LLC now owns 72,249 shares of the company’s stock valued at $728,000 after buying an additional 23,217 shares during the period. Institutional investors own 86.71% of the company’s stock.

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.