Solomon Cohen Sells 16,508 Shares of International Money Express Inc (NASDAQ:IMXI) Stock

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International Money Express Inc (NASDAQ:IMXI) insider Solomon Cohen sold 16,508 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $12.75, for a total value of $210,477.00.

Shares of NASDAQ IMXI traded down $0.08 during trading on Tuesday, reaching $13.78. The company had a trading volume of 2,131 shares, compared to its average volume of 328,401. International Money Express Inc has a twelve month low of $10.31 and a twelve month high of $15.11. The stock has a market capitalization of $528.34 million, a PE ratio of -275.40 and a beta of -0.23. The stock has a 50-day moving average price of $13.78 and a two-hundred day moving average price of $12.96. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.81.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.11. The business had revenue of $82.68 million during the quarter, compared to the consensus estimate of $81.60 million. International Money Express had a return on equity of 24.08% and a net margin of 0.56%. On average, sell-side analysts predict that International Money Express Inc will post 0.76 EPS for the current year.

IMXI has been the subject of a number of analyst reports. Northland Securities set a $17.00 price target on International Money Express and gave the stock a “buy” rating in a report on Wednesday, September 4th. BTIG Research reissued a “buy” rating and issued a $20.00 price target on shares of International Money Express in a report on Monday, August 12th. Zacks Investment Research raised International Money Express from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, August 29th. Finally, ValuEngine cut International Money Express from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.75.

Several large investors have recently made changes to their positions in IMXI. BlackRock Inc. grew its position in shares of International Money Express by 2,942.0% in the second quarter. BlackRock Inc. now owns 991,155 shares of the company’s stock valued at $13,975,000 after purchasing an additional 958,573 shares during the period. Vanguard Group Inc. grew its position in shares of International Money Express by 61.7% in the second quarter. Vanguard Group Inc. now owns 783,604 shares of the company’s stock valued at $11,049,000 after purchasing an additional 298,987 shares during the period. Northern Right Capital Management L.P. purchased a new stake in shares of International Money Express in the second quarter valued at $3,373,000. ETF Managers Group LLC purchased a new stake in shares of International Money Express in the second quarter valued at $2,295,000. Finally, Anchor Capital Advisors LLC purchased a new stake in shares of International Money Express in the second quarter valued at $1,273,000. 37.23% of the stock is owned by institutional investors and hedge funds.

International Money Express Company Profile

International Money Express, Inc, through its subsidiary, 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.

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