Expensify (NASDAQ:EXFY) Shares Gap Up to $10.91

Expensify, Inc. (NASDAQ:EXFYGet Rating)’s share price gapped up before the market opened on Monday . The stock had previously closed at $10.91, but opened at $11.31. Expensify shares last traded at $10.65, with a volume of 2,296 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JMP Securities decreased their target price on shares of Expensify from $26.00 to $20.00 and set a “market outperform” rating for the company in a research report on Friday, November 11th. Loop Capital upgraded Expensify from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Piper Sandler downgraded Expensify from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $12.00 in a research report on Friday, November 11th. Finally, Citigroup lowered their price objective on Expensify from $25.00 to $20.00 in a research report on Friday, October 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.29.

Expensify Stock Up 2.9 %

The firm has a fifty day simple moving average of $14.28 and a 200-day simple moving average of $17.27. The company has a market capitalization of $731.67 million and a P/E ratio of -9.66. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.56.

Insider Buying and Selling

In related news, CFO Ryan Schaffer sold 4,699 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $20.00, for a total transaction of $93,980.00. Following the completion of the transaction, the chief financial officer now directly owns 60,399 shares of the company’s stock, valued at $1,207,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Ryan Schaffer sold 4,699 shares of Expensify stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $20.00, for a total transaction of $93,980.00. Following the completion of the sale, the chief financial officer now directly owns 60,399 shares of the company’s stock, valued at approximately $1,207,980. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $13.86, for a total value of $415,800.00. Following the transaction, the chief executive officer now owns 3,561,331 shares in the company, valued at approximately $49,360,047.66. The disclosure for this sale can be found here. 21.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expensify

Several hedge funds and other institutional investors have recently modified their holdings of EXFY. Victory Capital Management Inc. increased its stake in shares of Expensify by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 74,546 shares of the company’s stock valued at $1,120,000 after purchasing an additional 3,748 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of Expensify during the 1st quarter valued at $7,625,000. Massachusetts Financial Services Co. MA lifted its holdings in Expensify by 107.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 958,697 shares of the company’s stock worth $16,835,000 after buying an additional 495,741 shares during the period. Bank of Montreal Can lifted its holdings in Expensify by 71.0% during the 1st quarter. Bank of Montreal Can now owns 149,000 shares of the company’s stock worth $2,911,000 after buying an additional 61,865 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Expensify by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 876,072 shares of the company’s stock worth $15,384,000 after buying an additional 20,964 shares during the period. Institutional investors own 51.24% 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.

See Also

Receive News & Ratings for Expensify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expensify and related companies with MarketBeat.com's FREE daily email newsletter.