Equities researchers at BMO Capital Markets initiated coverage on shares of Expensify (NASDAQ:EXFY – Get Rating) in a report released on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
A number of other brokerages have also recently commented on EXFY. Piper Sandler dropped their price target on Expensify from $45.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 31st. Loop Capital dropped their price target on Expensify from $22.00 to $17.00 in a research report on Thursday, March 31st. Zacks Investment Research raised Expensify from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. Citigroup dropped their price target on Expensify from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Finally, JMP Securities decreased their price objective on shares of Expensify from $44.00 to $26.00 and set a “market outperform” rating for the company in a report on Thursday, March 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $32.33.
NASDAQ EXFY opened at $16.10 on Monday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.68. Expensify has a 1 year low of $15.10 and a 1 year high of $51.06. The business has a 50-day simple moving average of $19.27.
A number of institutional investors and hedge funds have recently made changes to their positions in EXFY. Baillie Gifford & Co. purchased a new stake in Expensify during the 4th quarter valued at $39,599,000. West Branch Capital LLC purchased a new stake in Expensify during the 4th quarter valued at $44,000. OpenView Management LLC purchased a new stake in Expensify during the 4th quarter valued at $441,947,000. Advisor Group Holdings Inc. purchased a new stake in Expensify during the 4th quarter valued at $197,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Expensify during the 4th quarter valued at $3,115,000. Institutional investors and hedge funds own 16.35% of the company’s stock.
About Expensify (Get Rating)
Expensify, Inc provides a cloud-based expense management software platform to individuals, small businesses, and corporations 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.
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