International Money Express (NASDAQ:IMXI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of International Money Express (NASDAQ:IMXI) to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.50.

International Money Express Stock Performance

NASDAQ:IMXI opened at $15.89 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.51 and a current ratio of 2.51. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $15.94. The firm has a market cap of $478.92 million, a PE ratio of 14.71 and a beta of 0.84. The business has a 50 day moving average price of $15.76 and a 200-day moving average price of $15.39.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Friday, March 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.12). International Money Express had a return on equity of 29.00% and a net margin of 5.38%.The firm had revenue of $147.41 million during the quarter, compared to analysts’ expectations of $162.95 million. Equities research analysts predict that International Money Express will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On International Money Express

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in International Money Express in the second quarter valued at $40,000. Russell Investments Group Ltd. raised its holdings in International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after purchasing an additional 1,840 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of International Money Express by 7,457.6% in the 3rd quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after purchasing an additional 8,800 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of International Money Express during the 4th quarter valued at about $138,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of International Money Express during the 3rd quarter valued at about $133,000. Institutional investors own 86.71% of the company’s stock.

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.