Shares of International Money Express Inc (NASDAQ:IMXI) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.00.

IMXI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered International Money Express from a “buy” rating to a “hold” rating in a report on Friday. Northland Securities set a $17.00 price target on International Money Express and gave the stock a “buy” rating in a report on Wednesday, September 4th. BTIG Research reiterated a “buy” rating and set a $20.00 price target on shares of International Money Express in a report on Monday, August 12th. KeyCorp initiated coverage on International Money Express in a report on Friday. They set a “sector weight” rating on the stock. Finally, ValuEngine lowered International Money Express from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

International Money Express stock traded down $0.41 during mid-day trading on Friday, reaching $14.19. 75,164 shares of the company’s stock were exchanged, compared to its average volume of 254,604. The business’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $13.43. The firm has a market capitalization of $554.55 million, a PE ratio of -283.80 and a beta of -0.23. International Money Express has a one year low of $10.31 and a one year high of $15.11. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.81.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.11. The business had revenue of $82.68 million for the quarter, compared to analyst estimates of $81.60 million. International Money Express had a return on equity of 24.08% and a net margin of 0.56%. On average, sell-side analysts forecast that International Money Express will post 0.76 earnings per share for the current year.

In other International Money Express news, Director John Rincon sold 100,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.96, for a total value of $1,196,000.00. Also, major shareholder William Velez sold 8,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.96, for a total value of $95,680.00. Insiders sold 124,508 shares of company stock valued at $1,502,157 over the last three months. Company insiders own 43.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in International Money Express in the second quarter worth $49,000. Walleye Trading Advisors LLC purchased a new position in shares of International Money Express in the second quarter valued at $158,000. Walleye Trading LLC purchased a new position in shares of International Money Express in the second quarter valued at $182,000. Wells Fargo & Company MN grew its position in shares of International Money Express by 12.2% in the second quarter. Wells Fargo & Company MN now owns 13,640 shares of the company’s stock valued at $192,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of International Money Express in the second quarter valued at $195,000. 37.40% of the stock is owned by institutional investors and hedge funds.

About International Money Express

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.

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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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