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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have received an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.3333.

Several brokerages recently weighed in on IMXI. Weiss Ratings reiterated a “sell (d+)” rating on shares of International Money Express in a research 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 note on Friday, October 10th.

International Money Express Trading Down 0.1%

NASDAQ IMXI opened at $15.47 on Friday. International Money Express has a 1 year low of $8.58 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $459.77 million, a PE ratio of 12.09 and a beta of 0.88. The company has a fifty day moving average of $15.38 and a 200 day moving average of $14.16.

Institutional Investors Weigh In On International Money Express

A number of institutional investors have recently modified their holdings of IMXI. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in International Money Express by 4.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 166,700 shares of the company’s stock worth $2,560,000 after purchasing an additional 7,000 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of International Money Express in the fourth quarter valued at approximately $138,000. Assenagon Asset Management S.A. raised its stake in shares of International Money Express by 2,440.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 340,402 shares of the company’s stock worth $5,229,000 after buying an additional 327,005 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of International Money Express by 2,255.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 274,376 shares of the company’s stock valued at $3,833,000 after buying an additional 262,725 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in International Money Express in the 3rd quarter valued at $209,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.