International Money Express (IMXI)

• Market cap: $641M
• 1 day: -2.09%
• 5 days: 2.13%
• 1 month: 1.13%
• 3 months: 14.89%
• 6 months: -1.39%
• Year to date: -0.05%
• 1 year: -1.90%
• 5 years: 68.30%
• 10 years: 106.00%
• Sector: Industrials
• Industry: Business Services

About: International Money Express Inc is a processor of money transfer services in the USA to the Latin America and the Caribbean (LAC) corridor. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.

Employees: 1,387

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

48% more call options, than puts

Call options by funds: $5.37M | Put options by funds: $3.64M

20% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]

1.5% less ownership

Funds ownership: 87.71% [Q2] → 86.21% (-1.5%) [Q3]

9% less funds holding

Funds holding: 182 [Q2] → 165 (-17) [Q3]

13% less capital invested

Capital invested by funds: $596M [Q2] → $520M (-$76.6M) [Q3]

33% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 72

42% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 36

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $25 21% upside
• Avg. target: $28 33% upside
• High target: $30 46% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Needham Mayank Tandon 66% 1-year accuracy 76 / 115 met price target	21% upside $25	Buy Maintained	12 Nov 2024
BMO Capital Rufus Hone 88% 1-year accuracy 21 / 24 met price target	46% upside $30	Outperform Maintained	11 Nov 2024
Northland Capital Markets Mike Grondahl 64% 1-year accuracy 28 / 44 met price target	31% upside $27	Outperform Maintained	11 Nov 2024
Monness, Crespi, Hardt Gus Gala 71% 1-year accuracy 10 / 14 met price target	36% upside $28	Buy Maintained	4 Nov 2024