BTIG analyst Mark Palmer reiterated a Buy rating on International Money Express (IMXI) today and set a price target of $22.00. The company’s shares closed last Tuesday at $15.45.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 21.4% and a 65.7% success rate. Palmer covers the Financial sector, focusing on stocks such as Oportun Financial, Western Union, and SuRo Capital.
Currently, the analyst consensus on International Money Express is a Strong Buy with an average price target of $20.00.
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Based on International Money Express’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $99.3 million and net profit of $9.62 million. In comparison, last year the company earned revenue of $83.24 million and had a net profit of $5.34 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMXI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
International Money Express, Inc. engages in the provision of electronic money remittance services. It offers wire transfer, money order and check cashing services. The company was founded in 1994 and is headquartered in Miami, FL.
