International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Recommendation of “Hold” from Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has earned an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.50.

Separately, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th.

Institutional Investors Weigh In On International Money Express

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMXI. DGS Capital Management LLC boosted its stake in International Money Express by 6.7% in the 4th quarter. DGS Capital Management LLC now owns 12,387 shares of the company’s stock worth $190,000 after purchasing an additional 774 shares during the period. Invesco Ltd. boosted its stake in International Money Express by 17.3% in the 4th quarter. Invesco Ltd. now owns 83,096 shares of the company’s stock worth $1,276,000 after purchasing an additional 12,283 shares during the period. Alberta Investment Management Corp bought a new position in International Money Express in the 4th quarter worth approximately $5,155,000. Mercer Global Advisors Inc. ADV bought a new position in International Money Express in the 4th quarter worth approximately $176,000. Finally, XTX Topco Ltd bought a new position in International Money Express in the 4th quarter worth approximately $377,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $15.92 on Thursday. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $15.94. The business has a 50-day simple moving average of $15.74 and a two-hundred day simple moving average of $15.34. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market cap of $479.83 million, a price-to-earnings ratio of 14.74 and a beta of 0.84.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $147.41 million during the quarter, compared to analysts’ expectations of $162.95 million. On average, analysts expect that International Money Express will post 1.97 earnings per share for the current year.

About International Money Express

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.