Janney Montgomery Scott LLC bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 24,596 shares of the company’s stock, valued at approximately $562,000. Janney Montgomery Scott LLC owned approximately 0.07% of International Money Express as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in IMXI. International Assets Investment Management LLC bought a new position in International Money Express in the 4th quarter valued at $38,000. New York State Teachers Retirement System bought a new position in shares of International Money Express in the fourth quarter valued at about $65,000. DekaBank Deutsche Girozentrale bought a new position in shares of International Money Express in the fourth quarter valued at about $95,000. SG Americas Securities LLC lifted its position in International Money Express by 8.1% during the 4th quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock worth $184,000 after buying an additional 625 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in International Money Express during the 4th quarter worth about $208,000. 86.71% of the stock is owned by institutional investors.
International Money Express Trading Up 0.0 %
IMXI opened at $20.74 on Monday. The firm has a 50 day simple moving average of $20.65 and a 200 day simple moving average of $20.95. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $25.84. The company has a market cap of $676.95 million, a price-to-earnings ratio of 12.42 and a beta of 0.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.68 and a quick ratio of 1.68.
International Money Express (NASDAQ:IMXI – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $150.41 million during the quarter, compared to analysts’ expectations of $150.60 million. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. On average, sell-side analysts anticipate that International Money Express, Inc. will post 2.04 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on IMXI shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of International Money Express in a research note on Thursday, May 9th. BMO Capital Markets boosted their price objective on shares of International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, BTIG Research initiated coverage on International Money Express in a research report on Monday, June 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.
View Our Latest Report on IMXI
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.
Further Reading
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