International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Rating of “Moderate Buy” from Analysts

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.17.

A number of equities analysts have recently commented on IMXI shares. Northland Securities dropped their price target on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC dropped their price objective on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, BTIG Research restated a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th.

International Money Express Price Performance

NASDAQ IMXI opened at $18.86 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $615.59 million, a PE ratio of 11.29 and a beta of 0.82. The company has a 50 day moving average price of $18.97 and a two-hundred day moving average price of $20.32. International Money Express has a 12-month low of $15.76 and a 12-month high of $23.28.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million during the quarter, compared to analyst estimates of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. International Money Express’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities analysts predict that International Money Express will post 1.98 earnings per share for the current fiscal year.

Institutional Trading of International Money Express

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its stake in shares of International Money Express by 973.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company’s stock valued at $387,000 after buying an additional 16,849 shares in the last quarter. Aristides Capital LLC raised its stake in International Money Express by 33.3% in the second quarter. Aristides Capital LLC now owns 20,000 shares of the company’s stock valued at $417,000 after purchasing an additional 5,000 shares in the last quarter. Quarry LP raised its stake in International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares in the last quarter. Algert Global LLC raised its stake in International Money Express by 12.7% in the second quarter. Algert Global LLC now owns 48,131 shares of the company’s stock valued at $1,003,000 after purchasing an additional 5,413 shares in the last quarter. Finally, Millennium Management LLC raised its stake in International Money Express by 92.6% during the second quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock worth $3,995,000 after acquiring an additional 92,154 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.