Steven J. Mclaughlin Acquires 196,076 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) major shareholder Steven J. Mclaughlin purchased 196,076 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were purchased at an average cost of $1.76 per share, for a total transaction of $345,093.76. Following the completion of the purchase, the insider now directly owns 8,305,298 shares in the company, valued at $14,617,324.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Expensify Stock Performance

Shares of EXFY opened at $1.66 on Wednesday. Expensify, Inc. has a 1 year low of $1.52 and a 1 year high of $11.65. The company has a market cap of $114.86 million, a price-to-earnings ratio of -3.61 and a beta of 1.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a fifty day moving average of $2.22 and a 200-day moving average of $3.43.

Expensify (NASDAQ:EXFYGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.23). Expensify had a negative net margin of 23.69% and a negative return on equity of 38.14%. The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $39.16 million. During the same period last year, the firm posted ($0.10) EPS. The business’s revenue was down 14.1% compared to the same quarter last year. As a group, equities analysts anticipate that Expensify, Inc. will post -0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXFY. Morgan Stanley cut their price objective on shares of Expensify from $5.00 to $2.00 and set an “underweight” rating on the stock in a report on Wednesday, November 8th. Piper Sandler increased their price objective on shares of Expensify from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.64.

Check Out Our Latest Research Report on EXFY

Hedge Funds Weigh In On Expensify

Several hedge funds and other institutional investors have recently modified their holdings of EXFY. BlackRock Inc. boosted its holdings in shares of Expensify by 287.3% during the second quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock valued at $32,848,000 after acquiring an additional 3,053,582 shares during the period. Vanguard Group Inc. lifted its holdings in Expensify by 58.8% in the third quarter. Vanguard Group Inc. now owns 3,866,629 shares of the company’s stock worth $57,536,000 after purchasing an additional 1,431,326 shares during the period. SVB Wealth LLC lifted its holdings in Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after purchasing an additional 1,309,037 shares during the period. State Street Corp lifted its holdings in Expensify by 252.3% in the second quarter. State Street Corp now owns 1,118,721 shares of the company’s stock worth $8,927,000 after purchasing an additional 801,183 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Expensify by 135.6% in the second quarter. Geode Capital Management LLC now owns 1,015,984 shares of the company’s stock worth $8,108,000 after purchasing an additional 584,734 shares during the period. Institutional investors and hedge funds own 56.70% of the company’s stock.

Expensify Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Expensify (NASDAQ:EXFY)

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