Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin acquired 17,511 shares of the stock in a transaction dated Thursday, April 25th. The shares were bought at an average price of $1.59 per share, with a total value of $27,842.49. Following the completion of the transaction, the insider now directly owns 9,015,636 shares of the company’s stock, valued at $14,334,861.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Expensify Price Performance
NASDAQ EXFY opened at $1.61 on Tuesday. The business has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $2.10. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.25. The stock has a market capitalization of $113.63 million, a P/E ratio of -3.16 and a beta of 1.49.
Expensify (NASDAQ:EXFY – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The business had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. Equities analysts expect that Expensify, Inc. will post -0.19 earnings per share for the current year.
Institutional Investors Weigh In On Expensify
Analyst Ratings Changes
A number of brokerages have recently issued reports on EXFY. Citigroup lowered their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler lowered their price objective on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.93.
View Our Latest Analysis on Expensify
About Expensify
Expensify, Inc provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises 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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