International Money Express (NASDAQ:IMXI – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
View Our Latest Stock Analysis on IMXI
International Money Express Price Performance
Hedge Funds Weigh In On International Money Express
A number of institutional investors have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of International Money Express during the second quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new stake in International Money Express in the 2nd quarter worth approximately $40,000. Longfellow Investment Management Co. LLC purchased a new stake in International Money Express in the 2nd quarter worth approximately $70,000. Parallel Advisors LLC raised its holdings in International Money Express by 123.5% in the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock valued at $110,000 after acquiring an additional 3,842 shares during the last quarter. Finally, 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 valued at $119,000 after acquiring an additional 1,840 shares during the last quarter. Institutional investors and hedge funds 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.
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