International Money Express Inc (NASDAQ:IMXI) major shareholder William Velez sold 8,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $11.96, for a total value of $95,680.00. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ IMXI traded up $0.21 during trading hours on Thursday, reaching $13.95. The stock had a trading volume of 1,980 shares, compared to its average volume of 329,052. The firm has a market cap of $526.44 million, a price-to-earnings ratio of -279.40 and a beta of -0.24. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.81. International Money Express Inc has a fifty-two week low of $10.31 and a fifty-two week high of $15.11. The firm has a 50-day moving average of $13.77 and a 200-day moving average of $12.99.
International Money Express (NASDAQ:IMXI) last announced its earnings results on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $82.68 million during the quarter, compared to analysts’ expectations of $81.60 million. International Money Express had a return on equity of 24.08% and a net margin of 0.56%. On average, equities analysts predict that International Money Express Inc will post 0.76 EPS for the current year.
IMXI has been the subject of several analyst reports. Northland Securities set a $17.00 price objective on International Money Express and gave the stock a “buy” rating in a research report on Wednesday, September 4th. ValuEngine cut International Money Express from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BTIG Research reissued a “buy” rating and issued a $20.00 target price on shares of International Money Express in a research report on Monday, August 12th. Finally, Zacks Investment Research raised International Money Express from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $16.75.
Several hedge funds and other institutional investors have recently made changes to their positions in IMXI. Strs Ohio acquired a new stake in shares of International Money Express in the 2nd quarter valued at about $49,000. Walleye Trading Advisors LLC acquired a new stake in shares of International Money Express in the 2nd quarter valued at about $158,000. Walleye Trading LLC acquired a new stake in shares of International Money Express in the 2nd quarter valued at about $182,000. Wells Fargo & Company MN boosted its position in shares of International Money Express by 12.2% in the 2nd quarter. Wells Fargo & Company MN now owns 13,640 shares of the company’s stock valued at $192,000 after purchasing an additional 1,484 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of International Money Express in the 2nd quarter valued at about $195,000. 37.23% of the stock is owned by hedge funds and other institutional investors.
International Money Express Company Profile
International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.
Further Reading: Neutral Rating
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