Expensify (EXFY) Expected to Announce Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $36.03 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Expensify Price Performance

EXFY opened at $3.26 on Tuesday. Expensify has a one year low of $1.24 and a one year high of $4.13. The company’s 50 day simple moving average is $3.54 and its 200-day simple moving average is $2.83. The stock has a market capitalization of $251.54 million, a P/E ratio of -18.11 and a beta of 1.87.

Analysts Set New Price Targets

Several research firms have recently commented on EXFY. Citigroup increased their price target on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

Insider Buying and Selling at Expensify

In other Expensify news, CEO David Michael Barrett sold 13,272 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $50,964.48. Following the transaction, the chief executive officer now directly owns 1,207,675 shares of the company’s stock, valued at approximately $4,637,472. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy L. Christen sold 18,273 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.59, for a total transaction of $65,600.07. Following the completion of the sale, the director now owns 194,983 shares in the company, valued at approximately $699,988.97. This trade represents a 8.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,090 shares of company stock valued at $981,364. 17.33% of the stock is currently owned by insiders.

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.