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Northland Securities has restated its purchase note on the shares of International Money Express (NASDAQ: IMXI) in a research report sent to investors on Wednesday, May 15, reports AnalystRatings.com. They currently have a target price of $ 15.00 on the stock.
A number of other research companies have recently published reports on IMXI. Cantor Fitzgerald reissued a purchase quote and issued a target price of $ 14.00 on International Money Express shares in a report released on Wednesday, March 13. Zacks Investment Research has increased its shares of International Money Express, from a holding note to a purchase note, and has set a target price of $ 13.00 for the company in a report released Friday, March 15. Finally, Craig Hallum initiated coverage of International Money Express shares in a report released on Monday, February 4th. They issued a purchase note for the company. One research badyst badigned a retention rating to the title and seven badigned a purchase rating to the company. The company currently has a consensual rating of the purchase and a consensus price target of $ 14.50.
The shares of IMXI stock traded up $ 0.24 during the midday trading session at $ 13.62. 60,357 shares of the company were traded, compared to an average volume of 88,887. The company has a market capitalization of $ 517.22 million and a price-earnings ratio of -272.40. The company has a debt ratio of 2.05, a fast ratio of 1.47 and a current ratio of 1.47. International Money Express has a 52-week low at $ 9.06 and a 13-week high at $ 13.81.
International Money Express (NASDAQ: IMXI) announced its financial results on Tuesday, March 12. The company reported EPS of $ 0.13 for the quarter, but did not meet the $ 0.16 consensus estimate of $ 0.03. The company reported revenues of $ 75.06 million for the quarter, compared to badysts' estimates of $ 71.15 million. Analysts on the sales side expect that International Money Express will post a EPS of 0.6 for the current year.
Several major investors have recently changed their holdings in IMXI. Nantahala Capital Management LLC increased its position in International Money Express shares by 22.1% in the fourth quarter. Nantahala Capital Management LLC now holds 2,173,556 shares valued at $ 25,996,000 after purchasing 392,858 additional shares during the last quarter. BlueCrest Capital Management Ltd increased its position in International Money Express shares by 102.6% in the first quarter. BlueCrest Capital Management Ltd now owns 510,489 shares of the company, worth $ 5,952,000, after purchasing 258,512 additional shares in the last quarter. HCSF Management LLC increased its position in International Money Express shares by 9.6% in the first quarter. HCSF Management LLC now holds 1,222,155 shares valued at $ 14,250,000 after purchasing an additional 106,939 shares in the last quarter. Southside Capital LLC acquired a new position in International Money Express shares in the fourth quarter, valued at approximately $ 1,083,000. Finally, Vanguard Group Inc acquired a new position in International Money Express shares in the third quarter, valued at approximately $ 923,000. Institutional investors own 29.80% of the company's shares.
International Money Express Company Profile
International Money Express, Inc., through its subsidiary, operates as a money transfer services company in the United States, Latin America, Mexico, Central and South America and in the United States. Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.
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