Should I buy or sell Expensify stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Expensify in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EXFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXFY, but not buy additional shares or sell existing shares. View EXFY analyst ratings or view top-rated stocks .

What is Expensify's stock price target for 2024?

8 equities research analysts have issued 1 year target prices for Expensify's stock. Their EXFY share price targets range from $2.00 to $12.00. On average, they expect the company's share price to reach $6.50 in the next twelve months. This suggests a possible upside of 308.8% from the stock's current price. View analysts price targets for EXFY or view top-rated stocks among Wall Street analysts .

How have EXFY shares performed in 2024?

Expensify's stock was trading at $2.47 at the start of the year. Since then, EXFY stock has decreased by 35.6% and is now trading at $1.59. View the best growth stocks for 2024 here .

Are investors shorting Expensify?

Expensify saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,700,000 shares, a decrease of 18.3% from the March 15th total of 2,080,000 shares. Based on an average daily volume of 646,100 shares, the short-interest ratio is currently 2.6 days. Approximately 3.9% of the shares of the company are short sold. View Expensify's Short Interest .

When is Expensify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our EXFY earnings forecast .

How were Expensify's earnings last quarter?

Expensify, Inc. (NASDAQ:EXFY) posted its quarterly earnings results on Thursday, February, 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.06. The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative net margin of 27.70% and a negative trailing twelve-month return on equity of 41.91%. The firm's revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS.

When did Expensify IPO?

Expensify (EXFY) raised $234 million in an IPO on Wednesday, November 10th 2021. The company issued 9,730,776 shares at $23.00-$25.00 per share.

How do I buy shares of Expensify?

Shares of EXFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:EXFY

Expensify (EXFY) Stock Price, News & Analysis

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Free EXFY Stock Alerts

$1.59

+0.08 (+5.30%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.55
▼
$1.91
50-Day Range: $1.43
▼
$2.49
52-Week Range: $1.40
▼
$8.64

Volume: 1.18 million shs
Average Volume: 639,429 shs
Market Capitalization: $112.22 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.50

Get Expensify alerts:

Expensify MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 308.8% Upside
$6.50 Price Target
Short Interest: Healthy
3.92% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.67
Based on 8 Articles This Week
Insider Trading: Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth: Growing
From ($0.19) to ($0.06) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

Business Services Sector

98th out of 293 stocks

Prepackaged Software Industry

67th out of 190 stocks

3.0

Analyst's Opinion

Consensus Rating
Expensify has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Expensify has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.92% of the float of Expensify has been sold short.
Short Interest Ratio / Days to Cover
Expensify has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Expensify has recently decreased by 18.27%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Expensify does not currently pay a dividend.
Dividend Growth
Expensify does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EXFY.

3.7

News and Social Media Coverage

News Sentiment
Expensify has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Expensify this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for EXFY on MarketBeat in the last 30 days.
MarketBeat Follows
4 people have added Expensify to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Expensify insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $1,065,005.00 in company stock and sold $1,072,912.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
20.32% of the stock of Expensify is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
68.42% of the stock of Expensify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Expensify are expected to grow in the coming year, from ($0.19) to ($0.06) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Expensify is -3.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Expensify is -3.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Expensify has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Expensify Stock (NASDAQ:EXFY)

Expensify, Inc. provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel. It also offers track and submit plans for individuals. The company was founded in 2008 and is based in Portland, Oregon.

EXFY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EXFY Stock News Headlines

April 18, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,696.75 in Stock

April 14, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 16,740 Shares

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April 9, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,776.75 in Stock

April 4, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 13,300 Shares

March 29, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO Sells $22,207.57 in Stock

March 20, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) Director Sells $40,000.00 in Stock

April 9, 2024 | americanbankingnews.com

David Michael Barrett Sells 15,992 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

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April 2, 2024 | seekingalpha.com

Expensify: A Company That Hopes To Turn The Corner In 2024

March 20, 2024 | businesswire.com

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Expensify, Inc. (EXFY) Investigation

March 16, 2024 | finance.yahoo.com

EXFY Apr 2024 2.500 call

March 16, 2024 | investing.com

Expensify CFO Ryan Schaffer sells shares worth $9,625

March 16, 2024 | investing.com

Expensify CEO sells shares worth over $15,000

March 5, 2024 | seekingalpha.com

Expensify: Poor Execution And Outlook (Rating Downgrade)

March 1, 2024 | businesswire.com

Expensify to Participate in Upcoming Investor Event

February 29, 2024 | seekingalpha.com

Expensify May Have More Surprises In Store (Rating Upgrade)

February 27, 2024 | finance.yahoo.com

Expensify, Inc. (NASDAQ:EXFY) Q4 2023 Earnings Call Transcript

February 23, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Kaltura (KLTR) and Expensify (EXFY)

February 23, 2024 | msn.com

Expensify reports mixed Q4 results; initiates FY24 outlook

February 22, 2024 | benzinga.com

Expensify: Q4 Earnings Insights

February 22, 2024 | finance.yahoo.com

Expensify Announces Q4 and Full Year Fiscal 2023 Results

February 22, 2024 | finance.yahoo.com

Expensify Inc (EXFY) Faces Revenue Decline Amid Cost-Cutting Efforts and Platform Expansion

February 17, 2024 | finance.yahoo.com

EXFY Mar 2024 2.500 call

February 8, 2024 | finance.yahoo.com

Expensify to Announce Q4 and Full Year Fiscal 2023 Results

February 7, 2024 | bizjournals.com

February 3, 2024 | finance.yahoo.com

Bullish Expensify Insiders Loaded Up On US$11.0m Of Stock

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:EXFY
CUSIP: N/A
CIK: 1476840
Web: www.expensify.com
Phone: 971-365-3939
Fax: N/A
Employees: 133
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.50
High Stock Price Target: $12.00
Low Stock Price Target: $2.00
Potential Upside/Downside: +308.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.51)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-41,460,000.00
Net Margins: -27.70%
Pretax Margin: -25.53%
Return on Equity: -41.91%
Return on Assets: -20.39%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.02
Quick Ratio: 2.02

Sales & Book Value

Annual Sales: $150.69 million
Price / Sales: 0.74
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.46 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 70,580,000
Free Float: 56,238,000
Market Cap: $112.22 million
Optionable: Optionable
Beta: 1.49

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Key Executives

Mr. David Barrett (Age 47)
Founder, CEO, President & Director
Comp: $1.61M
Mr. Ryan Schaffer (Age 36)
CFO & Director
Comp: $873.09k
Ms. Anuradha Muralidharan (Age 40)
COO & Director
Comp: $460.59k
Mr. Jason Fahr Mills (Age 42)
Chief Product Officer & Director
Mr. Daniel Vidal (Age 35)
Chief Strategy Officer & Director
Cole Eason
Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EXFY Stock Analysis - Frequently Asked Questions

Should I buy or sell Expensify stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Expensify in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EXFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXFY, but not buy additional shares or sell existing shares.
View EXFY analyst ratings or view top-rated stocks.
What is Expensify's stock price target for 2024?: 8 equities research analysts have issued 1 year target prices for Expensify's stock. Their EXFY share price targets range from $2.00 to $12.00. On average, they expect the company's share price to reach $6.50 in the next twelve months. This suggests a possible upside of 308.8% from the stock's current price.
View analysts price targets for EXFY or view top-rated stocks among Wall Street analysts.
How have EXFY shares performed in 2024?: Expensify's stock was trading at $2.47 at the start of the year. Since then, EXFY stock has decreased by 35.6% and is now trading at $1.59.
View the best growth stocks for 2024 here.
Are investors shorting Expensify?: Expensify saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,700,000 shares, a decrease of 18.3% from the March 15th total of 2,080,000 shares. Based on an average daily volume of 646,100 shares, the short-interest ratio is currently 2.6 days. Approximately 3.9% of the shares of the company are short sold.
View Expensify's Short Interest.

When is Expensify's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our EXFY earnings forecast.
How were Expensify's earnings last quarter?: Expensify, Inc. (NASDAQ:EXFY) posted its quarterly earnings results on Thursday, February, 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.06. The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative net margin of 27.70% and a negative trailing twelve-month return on equity of 41.91%. The firm's revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS.
When did Expensify IPO?: Expensify (EXFY) raised $234 million in an IPO on Wednesday, November 10th 2021. The company issued 9,730,776 shares at $23.00-$25.00 per share.
How do I buy shares of Expensify?: Shares of EXFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:EXFY) was last updated on 4/18/2024 by MarketBeat.com Staff

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