According to Zacks, “Expensify Inc. is a payments superapp which helps individuals and businesses around the world simplify the way they manage money. The company’s free features include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay and travel booking in one app. Expensify Inc. is based in PORTLAND, Ore. “
Several other brokerages have also recently issued reports on EXFY. Piper Sandler reduced their price objective on Expensify from $45.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, March 31st. Citigroup reduced their price objective on Expensify from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, March 31st. JMP Securities cut their target price on Expensify from $44.00 to $26.00 and set a “market outperform” rating on the stock in a research note on Thursday, March 31st. BMO Capital Markets began coverage on Expensify in a research note on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. Finally, Loop Capital cut their target price on Expensify from $22.00 to $17.00 in a research note on Thursday, March 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Expensify currently has a consensus rating of “Buy” and a consensus price target of $31.29.
Expensify (NASDAQ:EXFY – Get Rating) last announced its quarterly earnings data on Wednesday, March 30th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.38). On average, research analysts predict that Expensify will post -0.24 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of EXFY. OpenView Management LLC acquired a new position in shares of Expensify during the fourth quarter valued at $441,947,000. Capital Research Global Investors acquired a new position in shares of Expensify during the fourth quarter valued at $73,263,000. Light Street Capital Management LLC acquired a new position in Expensify during the fourth quarter worth about $68,842,000. BlackRock Inc. acquired a new position in Expensify during the fourth quarter worth about $42,064,000. Finally, Baillie Gifford & Co. acquired a new position in Expensify during the fourth quarter worth about $39,599,000. 16.35% of the stock is currently owned by institutional investors.
Expensify Company Profile (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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