Craig Hallum Initiates Coverage on International Money Express (IMXI)

Craig Hallum started coverage on shares of International Money Express (NASDAQ:IMXI) in a report published on Monday, February 4th, The Fly reports. The brokerage issued a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Cantor Fitzgerald restated a buy rating and issued a $15.00 price objective on shares of International Money Express in a research note on Sunday, December 16th. Piper Jaffray Companies began coverage on shares of International Money Express in a research note on Thursday, December 6th. They issued an overweight rating on the stock. Finally, Zacks Investment Research downgraded shares of International Money Express from a buy rating to a hold rating in a research note on Thursday, October 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. International Money Express has a consensus rating of Buy and a consensus target price of $15.00.

NASDAQ:IMXI traded up $0.67 during mid-day trading on Monday, reaching $11.00. The stock had a trading volume of 18,309 shares, compared to its average volume of 55,341. International Money Express has a fifty-two week low of $9.06 and a fifty-two week high of $13.38. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.56 and a current ratio of 1.56.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Summit Partners Public Asset Management LLC lifted its holdings in shares of International Money Express by 1.8% during the fourth quarter. Summit Partners Public Asset Management LLC now owns 1,526,032 shares of the company’s stock valued at $18,131,000 after acquiring an additional 26,903 shares during the period. Nantahala Capital Management LLC lifted its holdings in shares of International Money Express by 22.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,173,556 shares of the company’s stock valued at $25,996,000 after acquiring an additional 392,858 shares during the period. Geode Capital Management LLC lifted its holdings in shares of International Money Express by 174.0% during the fourth quarter. Geode Capital Management LLC now owns 71,914 shares of the company’s stock valued at $860,000 after acquiring an additional 45,667 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of International Money Express by 20.0% during the fourth quarter. King Luther Capital Management Corp now owns 30,000 shares of the company’s stock valued at $359,000 after acquiring an additional 5,000 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of International Money Express by 3.6% during the fourth quarter. Northern Trust Corp now owns 28,615 shares of the company’s stock valued at $342,000 after acquiring an additional 996 shares during the period. 25.96% of the stock is owned by institutional investors.

About International Money Express

International Money Express, Inc operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services. It provides sending and paying agents and company-owned stores, as well as online and through Internet-enabled mobile devices.

Further Reading: Limitations of the P/E Growth ratio

The Fly

Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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