Weiss Ratings Reiterates “Sell (D)” Rating for FlexShopper (NASDAQ:FPAY)

FlexShopper (NASDAQ:FPAY)‘s stock had its “sell (d)” rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, HC Wainwright dropped their price target on shares of FlexShopper from $2.50 to $0.50 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, FlexShopper presently has an average rating of “Hold” and an average target price of $2.25.

FlexShopper Trading Up 4.2%

Shares of FPAY opened at $0.42 on Wednesday. The firm has a fifty day simple moving average of $0.67 and a 200 day simple moving average of $1.05. FlexShopper has a 12 month low of $0.27 and a 12 month high of $2.37. The stock has a market capitalization of $8.95 million, a price-to-earnings ratio of -1.81 and a beta of 1.08.

Hedge Funds Weigh In On FlexShopper

A hedge fund recently bought a new stake in FlexShopper stock. Bessemer Group Inc. acquired a new stake in FlexShopper Inc. (NASDAQ:FPAY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the financial services provider’s stock, valued at approximately $120,000. Bessemer Group Inc. owned about 0.47% of FlexShopper at the end of the most recent reporting period. Institutional investors and hedge funds own 19.41% of the company’s stock.

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.