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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned an average recommendation of “Hold” from the three research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating.

Several research analysts recently commented on IMXI shares. Wall Street Zen raised International Money Express to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IMXI. Alliancebernstein L.P. raised its stake in International Money Express by 6,041.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after purchasing an additional 2,027,344 shares during the last quarter. Magnetar Financial LLC raised its stake in International Money Express by 3,580.7% in the 3rd quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock valued at $26,151,000 after purchasing an additional 1,821,116 shares during the last quarter. Fort Baker Capital Management LP acquired a new position in International Money Express in the 4th quarter valued at $14,616,000. Man Group plc raised its stake in International Money Express by 103.4% in the 4th quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after purchasing an additional 586,044 shares during the last quarter. Finally, Alpine Associates Management Inc. acquired a new position in International Money Express in the 3rd quarter valued at $5,848,000. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Performance

Shares of IMXI stock opened at $15.87 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market cap of $477.53 million, a price-to-earnings ratio of 14.69 and a beta of 0.78. The stock has a 50 day simple moving average of $15.83 and a 200-day simple moving average of $15.49. International Money Express has a 1-year low of $8.58 and a 1-year high of $15.95.

About International Money Express

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.