International Money Express (NASDAQ:IMXI) Given New $28.00 Price Target at Monness Crespi & Hardt

International Money Express (NASDAQ:IMXI) had its target price trimmed by Monness Crespi & Hardt from $30.00 to $28.00 in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Northland Securities decreased their target price on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Oppenheimer started coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Needham & Company LLC reduced their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, BTIG Research restated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

International Money Express Stock Down 0.3 %

International Money Express stock opened at $17.49 on Monday. The business’s 50-day simple moving average is $18.00 and its two-hundred day simple moving average is $19.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $570.35 million, a PE ratio of 10.47 and a beta of 0.82. International Money Express has a fifty-two week low of $16.17 and a fifty-two week high of $23.28.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The firm had revenue of $171.53 million during the quarter, compared to analysts’ expectations of $174.89 million. During the same quarter in the prior year, the company earned $0.46 EPS. International Money Express’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts anticipate that International Money Express will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. nVerses Capital LLC increased its holdings in International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC raised its position in shares of International Money Express by 201.7% during the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after purchasing an additional 2,269 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in International Money Express in the 2nd quarter worth about $91,000. Quarry LP increased its stake in International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after buying an additional 2,533 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after acquiring an additional 5,621 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

About International Money Express

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.