Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin bought 17,511 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $27,842.49. Following the completion of the purchase, the insider now directly owns 9,015,636 shares in the company, valued at $14,334,861.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Expensify Trading Down 1.2 %
Shares of Expensify stock opened at $1.61 on Tuesday. The firm has a market capitalization of $113.63 million, a PE ratio of -3.16 and a beta of 1.49. The business’s 50-day moving average price is $1.80 and its 200-day moving average price is $2.10. Expensify, Inc. has a 12 month low of $1.40 and a 12 month high of $8.25.
Expensify (NASDAQ:EXFY – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The firm had revenue of $35.20 million for the quarter, compared to the consensus estimate of $36.85 million. During the same quarter last year, the company posted ($0.04) earnings per share. Expensify’s revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, analysts predict that Expensify, Inc. will post -0.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Expensify
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Piper Sandler decreased their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Citigroup reduced their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Expensify presently has a consensus rating of “Hold” and a consensus price target of $5.93.
Check Out Our Latest Stock Report on EXFY
About Expensify
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.
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