International Money Express (NASDAQ:IMXI) Research Coverage Started at Oppenheimer

Oppenheimer initiated coverage on shares of International Money Express (NASDAQ:IMXI) in a research note published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a market perform rating on the stock.

IMXI has been the topic of several other research reports. Needham & Company LLC lowered their price objective on International Money Express from $25.00 to $22.00 and set a buy rating on the stock in a research report on Thursday, August 8th. BTIG Research reissued a neutral rating on shares of International Money Express in a report on Wednesday, August 7th. Finally, Northland Securities cut their price objective on shares of International Money Express from $24.00 to $23.00 and set an outperform rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $24.17.

International Money Express Trading Down 0.9 %

Shares of International Money Express stock opened at $17.16 on Tuesday. The stock has a market cap of $560.10 million, a PE ratio of 10.28 and a beta of 0.81. The firm has a fifty day moving average price of $18.47 and a 200 day moving average price of $20.15. International Money Express has a 1 year low of $15.76 and a 1 year high of $23.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $171.53 million for the quarter, compared to analysts’ expectations of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Equities research analysts predict that International Money Express will post 1.98 earnings per share for the current year.

Hedge Funds Weigh In On International Money Express

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMXI. Price T Rowe Associates Inc. MD increased its stake in shares of International Money Express by 95.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after purchasing an additional 47,385 shares in the last quarter. Breach Inlet Capital Management LLC acquired a new position in shares of International Money Express during the fourth quarter valued at approximately $9,736,000. First Eagle Investment Management LLC raised its holdings in shares of International Money Express by 27.1% during the first quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock valued at $7,415,000 after acquiring an additional 69,250 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of International Money Express in the first quarter valued at approximately $562,000. Finally, American Century Companies Inc. boosted its stake in shares of International Money Express by 44.1% in the second quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock worth $3,069,000 after acquiring an additional 45,068 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.