International Money Express (NASDAQ:IMXI) Given “Buy” Rating at Needham & Company LLC

International Money Express (NASDAQ:IMXI)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued on Monday,Benzinga reports. They presently have a $20.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 63.13% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. UBS Group reduced their price target on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.50.

International Money Express Stock Up 1.1 %

NASDAQ IMXI opened at $12.26 on Monday. The company has a market cap of $375.79 million, a P/E ratio of 6.85 and a beta of 1.01. The business has a fifty day moving average price of $15.79 and a 200 day moving average price of $18.36. International Money Express has a one year low of $11.78 and a one year high of $22.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

Institutional Trading of International Money Express

A number of hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new stake in International Money Express during the fourth quarter worth about $169,000. Lazard Asset Management LLC lifted its holdings in shares of International Money Express by 6.1% during the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock worth $235,000 after acquiring an additional 654 shares during the period. SG Americas Securities LLC boosted its position in shares of International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after acquiring an additional 2,182 shares in the last quarter. Jump Financial LLC bought a new stake in International Money Express in the fourth quarter valued at about $281,000. Finally, Integrated Quantitative Investments LLC acquired a new position in International Money Express in the fourth quarter worth about $292,000. 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.