International Money Express (NASDAQ:IMXI) Price Target Raised to $25.00 at Needham & Company LLC

International Money Express (NASDAQ:IMXI) had its target price upped by Needham & Company LLC from $22.00 to $25.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on the company. BMO Capital Markets increased their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. BTIG Research reissued a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Monness Crespi & Hardt lowered their target price on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Oppenheimer started coverage on shares of International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Northland Securities lifted their price objective on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, International Money Express presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

International Money Express Stock Down 1.6 %

Shares of IMXI stock opened at $20.87 on Tuesday. International Money Express has a 12-month low of $16.17 and a 12-month high of $23.28. The company has a quick ratio of 1.88, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a fifty day moving average of $18.42 and a 200-day moving average of $19.39. The company has a market capitalization of $649.04 million, a price-to-earnings ratio of 11.66 and a beta of 0.82.

Institutional Investors Weigh In On International Money Express

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in International Money Express by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock valued at $28,788,000 after acquiring an additional 109,293 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in International Money Express by 17.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares during the period. New South Capital Management Inc. acquired a new stake in International Money Express during the third quarter worth about $17,055,000. LSV Asset Management increased its holdings in International Money Express by 5.2% in the 2nd quarter. LSV Asset Management now owns 728,977 shares of the company’s stock valued at $15,192,000 after buying an additional 36,124 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of International Money Express by 9.8% during the 3rd quarter. Royce & Associates LP now owns 557,189 shares of the company’s stock worth $10,302,000 after acquiring an additional 49,582 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, 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.