FlexShopper (NASDAQ:FPAY) Price Target Increased to $2.50 by Analysts at HC Wainwright

FlexShopper (NASDAQ:FPAYFree Report) had its price target boosted by HC Wainwright from $2.00 to $2.50 in a report issued on Wednesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the financial services provider’s stock.

FlexShopper Trading Up 7.4 %

NASDAQ:FPAY opened at $1.24 on Wednesday. FlexShopper has a 12 month low of $0.70 and a 12 month high of $2.47. The firm has a market cap of $26.85 million, a price-to-earnings ratio of -3.88 and a beta of 1.20. The company has a quick ratio of 13.36, a current ratio of 13.36 and a debt-to-equity ratio of 17.12. The company’s 50 day moving average is $1.23 and its 200-day moving average is $1.28.

Hedge Funds Weigh In On FlexShopper

A number of institutional investors have recently modified their holdings of the company. Waterfall Asset Management LLC bought a new position in shares of FlexShopper in the fourth quarter valued at approximately $2,721,000. Vanguard Group Inc. grew its stake in shares of FlexShopper by 2.0% in the third quarter. Vanguard Group Inc. now owns 638,583 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 12,232 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of FlexShopper by 53.4% in the third quarter. Renaissance Technologies LLC now owns 287,780 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 100,125 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of FlexShopper in the third quarter worth $287,000. Finally, UBS Group AG grew its stake in shares of FlexShopper by 10.2% in the third quarter. UBS Group AG now owns 110,200 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 10,200 shares during the last quarter. Institutional investors own 19.41% of the company’s stock.

FlexShopper Company Profile

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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 durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories.

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