International Money Express, Inc. (NASDAQ:IMXI) Receives $14.33 Consensus PT from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.3333.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of International Money Express in a research report on Monday, December 29th.

International Money Express Stock Up 1.2%

Shares of IMXI opened at $15.69 on Wednesday. The business’s 50 day moving average is $15.47 and its 200 day moving average is $14.84. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17. International Money Express has a 12-month low of $8.58 and a 12-month high of $18.48. The company has a market capitalization of $466.31 million, a PE ratio of 12.26 and a beta of 0.87.

Institutional Trading of International Money Express

Several hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its position in shares of International Money Express by 6,041.0% during the third 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 in the last quarter. Forager Capital Management LLC boosted its stake in International Money Express by 30.5% during the second quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock valued at $19,637,000 after buying an additional 455,000 shares during the last quarter. Magnetar Financial LLC grew its holdings in International Money Express by 2.4% during the 4th quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock valued at $29,439,000 after buying an additional 44,596 shares in the last quarter. Man Group plc grew its holdings in International Money Express by 103.4% during the 4th quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after buying an additional 586,044 shares in the last quarter. Finally, Fort Baker Capital Management LP bought a new stake in International Money Express in the 4th quarter worth approximately $14,616,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

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.