Expensify, Inc. (NASDAQ:EXFY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Expensify, Inc. (NASDAQ:EXFYGet Rating) have received an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.17.

EXFY has been the subject of several research reports. Loop Capital raised Expensify from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Bank of America raised shares of Expensify from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $25.00 in a research note on Monday, July 18th. Piper Sandler increased their target price on shares of Expensify from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 12th. Citigroup decreased their price target on shares of Expensify from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 1st. Finally, JPMorgan Chase & Co. dropped their price target on Expensify from $47.00 to $30.00 in a report on Wednesday, June 15th.

Insider Activity at Expensify

In other Expensify news, CFO Ryan Schaffer sold 4,699 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $20.01, for a total transaction of $94,026.99. Following the sale, the chief financial officer now directly owns 60,399 shares of the company’s stock, valued at approximately $1,208,583.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 14,097 shares of company stock worth $282,504. 21.12% of the stock is owned by corporate insiders.

Institutional Trading of Expensify

Hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. purchased a new position in Expensify during the fourth quarter valued at approximately $197,000. Northern Trust Corp acquired a new position in shares of Expensify in the fourth quarter worth $732,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Expensify during the fourth quarter worth $20,370,000. Bank of Montreal Can acquired a new stake in Expensify during the fourth quarter valued at $3,723,000. Finally, Invesco Ltd. bought a new stake in shares of Expensify in the 4th quarter valued at approximately $13,178,000. 51.24% of the stock is owned by hedge funds and other institutional investors.

Expensify Stock Performance

Shares of NASDAQ EXFY opened at $16.40 on Wednesday. Expensify has a 1 year low of $13.58 and a 1 year high of $51.06. The firm has a market cap of $1.12 billion and a P/E ratio of -13.78. The stock has a fifty day moving average price of $19.70 and a two-hundred day moving average price of $18.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.74 and a current ratio of 2.74.

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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Analyst Recommendations for Expensify (NASDAQ:EXFY)

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