Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $24.50

International Money Express, Inc. (NASDAQ:IMXI) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $24.50.

Several research analysts have weighed in on the company. UBS Group lowered their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Needham & Company LLC lowered their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd.

Institutional Investors Weigh In On International Money Express

Hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in International Money Express by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,046 shares of the company’s stock valued at $376,000 after buying an additional 630 shares in the last quarter. SkyView Investment Advisors LLC increased its position in International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after acquiring an additional 637 shares during the period. Lazard Asset Management LLC raised its stake in International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock worth $235,000 after purchasing an additional 654 shares in the last quarter. Russell Investments Group Ltd. raised its stake in International Money Express by 0.8% in the 4th quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company’s stock worth $1,822,000 after purchasing an additional 698 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in 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 period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Performance

IMXI opened at $12.26 on Friday. The business’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $18.36. International Money Express has a 52-week low of $11.78 and a 52-week high of $22.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $375.79 million, a PE ratio of 6.85 and a beta of 1.01.

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.