International Money Express (NASDAQ:IMXI) Rating Lowered to “Neutral” at Monness Crespi & Hardt

International Money Express (NASDAQ:IMXI) was downgraded by research analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday,Finviz reports.

Several other analysts have also recently weighed in on the company. Oppenheimer started coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Needham & Company LLC lifted their price target on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets increased their price objective on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Northland Securities raised their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, International Money Express has a consensus rating of “Moderate Buy” and an average price target of $27.00.

International Money Express Trading Down 2.4 %

NASDAQ:IMXI opened at $20.11 on Thursday. The company has a 50-day moving average price of $20.93 and a 200-day moving average price of $19.48. The stock has a market cap of $625.42 million, a price-to-earnings ratio of 11.23 and a beta of 0.89. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express has a 12 month low of $16.17 and a 12 month high of $23.28.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC raised its position in International Money Express by 3.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after buying an additional 637 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after buying an additional 1,200 shares during the period. SG Americas Securities LLC lifted its holdings in shares of International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after buying an additional 2,182 shares during the period. Quarry LP boosted its stake in shares of International Money Express by 113.7% in 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 during the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of International Money Express by 6.4% in the third quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock worth $783,000 after acquiring an additional 2,563 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

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.