International Money Express (NASDAQ:IMXI) Stock Rating Reaffirmed by BTIG Research

International Money Express (NASDAQ:IMXI)‘s stock had its “neutral” rating reiterated by analysts at BTIG Research in a report released on Wednesday, Benzinga reports.

IMXI has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of International Money Express in a research report on Thursday, May 9th. BMO Capital Markets increased their price target on shares of International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, International Money Express has an average rating of “Moderate Buy” and a consensus target price of $25.00.

International Money Express Trading Down 20.2 %

Shares of NASDAQ:IMXI traded down $4.42 on Wednesday, hitting $17.50. 2,173,108 shares of the company’s stock were exchanged, compared to its average volume of 241,140. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $571.20 million, a price-to-earnings ratio of 10.48 and a beta of 0.84. The business’s 50 day simple moving average is $20.83 and its two-hundred day simple moving average is $20.98. International Money Express has a 12 month low of $15.76 and a 12 month high of $23.28.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. The firm had revenue of $150.41 million during the quarter, compared to analyst estimates of $150.60 million. Analysts anticipate that International Money Express will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On International Money Express

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC raised its holdings in shares of International Money Express by 238.9% during the second quarter. Quest Partners LLC now owns 24,883 shares of the company’s stock valued at $519,000 after acquiring an additional 17,540 shares during the last quarter. LSV Asset Management boosted its position in International Money Express by 5.2% during the second quarter. LSV Asset Management now owns 728,977 shares of the company’s stock worth $15,192,000 after acquiring an additional 36,124 shares during the last quarter. Rhumbline Advisers grew its stake in International Money Express by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after acquiring an additional 452 shares in the last quarter. Foyston Gordon & Payne Inc raised its holdings in International Money Express by 8.2% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock valued at $454,000 after acquiring an additional 1,658 shares during the last quarter. Finally, Access Investment Management LLC lifted its stake in International Money Express by 86.8% in the 2nd quarter. Access Investment Management LLC now owns 76,975 shares of the company’s stock worth $1,604,000 after purchasing an additional 35,765 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other 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.