Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin purchased 135,158 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was purchased at an average price of $1.50 per share, for a total transaction of $202,737.00. Following the transaction, the insider now directly owns 8,989,644 shares in the company, valued at approximately $13,484,466. 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 Up 3.1 %
Shares of EXFY stock opened at $1.64 on Monday. The company has a market cap of $115.75 million, a price-to-earnings ratio of -3.22 and a beta of 1.49. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.64. The firm has a 50 day moving average of $1.81 and a 200-day moving average of $2.15.
Expensify (NASDAQ:EXFY – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Analysts anticipate that Expensify, Inc. will post -0.19 earnings per share for the current year.
Institutional Trading of Expensify
Wall Street Analyst Weigh In
Separately, Piper Sandler dropped their price target on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock 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 given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.50.
Read Our Latest Analysis on EXFY
Expensify Company Profile
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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