International Money Express, Inc. (NASDAQ:IMXI) Receives $27.00 Consensus PT from Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.00.

Several equities research analysts have recently issued reports on IMXI shares. Northland Securities raised their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC increased their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lifted their price target on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

International Money Express Stock Performance

IMXI stock opened at $18.43 on Friday. The business has a 50 day moving average of $20.15 and a 200-day moving average of $19.28. The firm has a market cap of $573.17 million, a PE ratio of 10.30 and a beta of 0.87. International Money Express has a 12-month low of $16.17 and a 12-month high of $23.28. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Institutional Investors Weigh In On International Money Express

Institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC grew its position in shares of International Money Express by 133.3% in the third 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. Aquatic Capital Management LLC bought a new stake in shares of International Money Express during the fourth quarter valued at about $169,000. Meeder Asset Management Inc. lifted its holdings in shares of International Money Express by 90.7% in the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after buying an additional 5,499 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after buying an additional 2,182 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in International Money Express during the fourth quarter valued at approximately $281,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

About International Money Express

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.