International Money Express Inc (NASDAQ:IMXI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $15.33 for the company and are expecting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given International Money Express an industry rank of 38 out of 257 based on the ratings given to related companies.

IMXI has been the topic of a number of research analyst reports. BTIG Research initiated coverage on International Money Express in a research note on Wednesday, September 12th. They issued a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research upgraded International Money Express from a “sell” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, August 29th. Cantor Fitzgerald initiated coverage on International Money Express in a research note on Thursday, October 11th. They issued an “overweight” rating on the stock. Finally, JMP Securities initiated coverage on International Money Express in a research note on Monday, July 30th. They issued an “outperform” rating on the stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Granite Point Capital Management L.P. purchased a new position in shares of International Money Express in the 3rd quarter worth about $4,808,000. Monashee Investment Management LLC purchased a new position in shares of International Money Express in the 3rd quarter worth about $2,039,000. Renaissance Technologies LLC purchased a new position in shares of International Money Express in the 3rd quarter worth about $316,000. Finally, King Luther Capital Management Corp purchased a new position in shares of International Money Express in the 3rd quarter worth about $301,000. Hedge funds and other institutional investors own 32.15% of the company’s stock.

Shares of NASDAQ IMXI opened at $12.50 on Wednesday. International Money Express has a twelve month low of $9.06 and a twelve month high of $13.38.

International Money Express Company Profile

International Money Express, Inc operates as a processor of money transfer services. The company offers wire transfer, money order, and cash checking services. It uses a proprietary financial technology that enables consumers to send money from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala.

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