International Money Express (NASDAQ:IMXI) Upgraded by Wall Street Zen to “Hold” Rating

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

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. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.50.

International Money Express Price Performance

Shares of International Money Express stock opened at $15.86 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.31. The company’s fifty day simple moving average is $15.75 and its two-hundred day simple moving average is $15.37. The company has a market cap of $478.02 million, a P/E ratio of 14.69 and a beta of 0.84. International Money Express has a 12-month low of $8.58 and a 12-month high of $15.94.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Friday, March 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.12). The company had revenue of $147.41 million for the quarter, compared to analysts’ expectations of $162.95 million. International Money Express had a net margin of 5.38% and a return on equity of 29.00%. Research analysts anticipate that International Money Express will post 1.97 EPS for the current year.

Institutional Trading of International Money Express

Several institutional investors have recently bought and sold shares of the company. Anchyra Partners LLC purchased a new stake in International Money Express during the 1st quarter valued at about $187,000. SG Americas Securities LLC grew its position in International Money Express by 21.3% during the 1st quarter. SG Americas Securities LLC now owns 51,330 shares of the company’s stock valued at $811,000 after purchasing an additional 9,003 shares during the last quarter. DGS Capital Management LLC grew its position in International Money Express by 6.7% during the 4th quarter. DGS Capital Management LLC now owns 12,387 shares of the company’s stock valued at $190,000 after purchasing an additional 774 shares during the last quarter. Invesco Ltd. grew its position in International Money Express by 17.3% during the 4th quarter. Invesco Ltd. now owns 83,096 shares of the company’s stock valued at $1,276,000 after purchasing an additional 12,283 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in International Money Express during the 4th quarter valued at about $5,155,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.