JPMorgan Chase & Co. lifted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,109 shares of the company's stock after purchasing an additional 17,452 shares during the quarter. JPMorgan Chase & Co. owned 0.71% of International Money Express worth $4,088,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IMXI. nVerses Capital LLC increased its stake in International Money Express by 133.3% during 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 during the period. Quarry LP lifted its position in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company's stock valued at $99,000 after acquiring an additional 2,533 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company's stock worth $214,000 after purchasing an additional 5,499 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after purchasing an additional 637 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in International Money Express by 973.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company's stock valued at $387,000 after purchasing an additional 16,849 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on IMXI shares. Northland Securities raised their target price on shares of International Money Express from $23.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Monness Crespi & Hardt decreased their price objective on shares of International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. BMO Capital Markets upped their target price on International Money Express from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. 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 note on Tuesday, November 12th. Finally, Oppenheimer initiated coverage on International Money Express in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.
Get Our Latest Stock Report on IMXI
Shares of NASDAQ:IMXI opened at $21.04 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week high of $23.28. The company has a market capitalization of $654.34 million, a PE ratio of 11.75 and a beta of 0.89. The company has a fifty day moving average of $20.99 and a 200-day moving average of $19.49.
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.
Before you consider International Money Express, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Money Express wasn't on the list.
While International Money Express currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.