Q4 Earnings Estimate for FlexShopper Issued By HC Wainwright

FlexShopper, Inc. (NASDAQ:FPAY) – Equities research analysts at HC Wainwright cut their Q4 2024 earnings per share estimates for FlexShopper in a report released on Friday, November 15th. HC Wainwright analyst S. Buck now expects that the financial services provider will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.04. HC Wainwright has a “Buy” rating and a $2.50 price objective on the stock. The consensus estimate for FlexShopper’s current full-year earnings is ($0.12) per share.

Separately, Maxim Group upped their target price on shares of FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a report on Friday.

FlexShopper Price Performance

Shares of FPAY stock opened at $1.53 on Monday. The stock’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $1.16. FlexShopper has a one year low of $0.97 and a one year high of $1.95. The firm has a market cap of $32.73 million, a price-to-earnings ratio of -8.97 and a beta of 1.33. The company has a debt-to-equity ratio of 28.90, a current ratio of 15.78 and a quick ratio of 15.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Heron Bay Capital Management bought a new position in FlexShopper in the 1st quarter valued at $43,000. Insigneo Advisory Services LLC acquired a new stake in shares of FlexShopper in the second quarter valued at $58,000. Renaissance Technologies LLC raised its holdings in shares of FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after buying an additional 50,847 shares during the last quarter. Finally, Waterfall Asset Management LLC acquired a new position in FlexShopper during the 3rd quarter worth about $1,678,000. 19.41% of the stock is owned by institutional investors and hedge funds.

About FlexShopper

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.