Northland Securities Boosts International Money Express (NASDAQ:IMXI) Price Target to $27.00

International Money Express (NASDAQ:IMXI) had its price objective hoisted by Northland Securities from $23.00 to $27.00 in a research note released on Monday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

A number of other research analysts have also commented on the company. Needham & Company LLC cut their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Oppenheimer started coverage on shares of International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Monness Crespi & Hardt cut their price target on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, International Money Express has a consensus rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Stock Up 0.6 %

Shares of International Money Express stock opened at $21.34 on Monday. International Money Express has a 12-month low of $16.17 and a 12-month high of $23.28. The stock has a 50 day moving average price of $18.30 and a two-hundred day moving average price of $19.38. 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 stock has a market capitalization of $663.65 million, a P/E ratio of 11.85 and a beta of 0.82.

Institutional Trading of International Money Express

A number of institutional investors and hedge funds have recently modified their holdings of IMXI. nVerses Capital LLC lifted its holdings in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after purchasing an additional 1,200 shares in the last quarter. CWM LLC boosted its position in International Money Express by 201.7% during the second quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after purchasing an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of International Money Express in the second quarter valued at approximately $91,000. Quarry LP grew its holdings in International Money Express by 113.7% in the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after buying an additional 2,533 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in International Money Express by 1,277.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after purchasing an additional 5,621 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Company Profile

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.