Analysts Set International Money Express, Inc. (NASDAQ:IMXI) PT at $25.40

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $25.60.

Several research firms recently commented on IMXI. Northland Securities dropped their price objective on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Monness Crespi & Hardt cut their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday. BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Oppenheimer initiated coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Needham & Company LLC lowered their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Hedge Funds Weigh In On International Money Express

Several hedge funds and other institutional investors have recently bought and sold shares of IMXI. nVerses Capital LLC grew its stake in shares of International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,200 shares during the period. CWM LLC grew its position in International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after purchasing an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in International Money Express during the 2nd quarter valued at $91,000. Quarry LP lifted its holdings in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after buying an additional 2,533 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of International Money Express by 1,277.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after buying an additional 5,621 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of IMXI stock opened at $18.39 on Thursday. The business’s fifty day moving average is $18.01 and its 200 day moving average is $19.41. 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 cap of $599.66 million, a price-to-earnings ratio of 11.01 and a beta of 0.82. International Money Express has a twelve month low of $16.17 and a twelve month high of $23.28.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million for the quarter, compared to the consensus estimate of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Research analysts expect that International Money Express will post 1.97 EPS for the current fiscal year.

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.