International Money Express (NASDAQ:IMXI) Price Target Lowered to $17.00 at UBS Group

International Money Express (NASDAQ:IMXI) had its price objective lowered by UBS Group from $22.00 to $17.00 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC lowered their price objective on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets raised their price objective on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Northland Securities raised their price objective on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, International Money Express currently has a consensus rating of “Hold” and an average price target of $24.50.

International Money Express Trading Down 0.1 %

Shares of International Money Express stock opened at $14.22 on Tuesday. The stock has a market capitalization of $435.87 million, a P/E ratio of 7.94 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of $19.01 and a 200 day simple moving average of $19.08. International Money Express has a 12-month low of $13.99 and a 12-month high of $23.28.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new position in shares of International Money Express in the 4th quarter valued at about $169,000. Lazard Asset Management LLC boosted its stake in shares of International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock valued at $235,000 after purchasing an additional 654 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of International Money Express by 90.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after purchasing an additional 5,499 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of International Money Express in the 4th quarter valued at about $281,000. Institutional investors own 86.71% of the company’s stock.

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.