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

International Money Express, Inc. (NASDAQ:IMXI) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.3333.

Several research firms have commented on IMXI. Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of International Money Express in a research note on Monday, December 29th.

Hedge Funds Weigh In On International Money Express

Several institutional investors and hedge funds have recently modified their holdings of IMXI. Alliancebernstein L.P. lifted its holdings in International Money Express by 6,041.0% in the 3rd 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. Magnetar Financial LLC grew its holdings in shares of International Money Express by 3,580.7% during the third quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock worth $26,151,000 after buying an additional 1,821,116 shares in the last quarter. Man Group plc acquired a new stake in shares of International Money Express in the third quarter valued at about $7,921,000. Forager Capital Management LLC lifted its stake in shares of International Money Express by 30.5% in the second quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock worth $19,637,000 after buying an additional 455,000 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in shares of International Money Express in the third quarter worth about $5,848,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 0.1%

Shares of IMXI opened at $15.47 on Friday. The company has a market capitalization of $459.77 million, a price-to-earnings ratio of 12.09 and a beta of 0.88. International Money Express has a 52 week low of $8.58 and a 52 week high of $19.86. The stock’s 50-day moving average price is $15.36 and its 200-day moving average price is $14.11. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.17.

International Money Express Company Profile

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.