FlexShopper (NASDAQ:FPAY) Receives “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of FlexShopper (NASDAQ:FPAY) in a report published on Tuesday,Benzinga reports. They currently have a $2.50 target price on the financial services provider’s stock.

Separately, Maxim Group raised their price objective on shares of FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

FlexShopper Price Performance

NASDAQ FPAY opened at $1.65 on Tuesday. The firm has a market capitalization of $35.41 million, a price-to-earnings ratio of -9.71 and a beta of 1.43. The company has a debt-to-equity ratio of 19.65, a current ratio of 7.98 and a quick ratio of 7.98. The company has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.29. FlexShopper has a 52-week low of $0.97 and a 52-week high of $2.19.

Institutional Trading of FlexShopper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC acquired a new stake in shares of FlexShopper in the second quarter worth $58,000. Renaissance Technologies LLC lifted its stake 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 period. Finally, Waterfall Asset Management LLC acquired a new position in FlexShopper in the 3rd quarter valued at approximately $1,678,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

FlexShopper Company Profile

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.