Millington Financial Advisors LLC Takes Position in Expensify, Inc. $EXFY

Millington Financial Advisors LLC bought a new stake in Expensify, Inc. (NASDAQ:EXFY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company’s stock, valued at approximately $104,000.

A number of other large investors also recently made changes to their positions in the stock. Kapitalo Investimentos Ltda bought a new position in shares of Expensify during the 2nd quarter worth approximately $30,000. ProShare Advisors LLC acquired a new position in shares of Expensify during the second quarter worth $32,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Expensify in the second quarter valued at about $32,000. Heron Bay Capital Management acquired a new stake in Expensify during the 2nd quarter worth about $37,000. Finally, Virtu Financial LLC bought a new stake in Expensify in the first quarter worth approximately $41,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EXFY. BMO Capital Markets decreased their target price on Expensify from $3.00 to $2.50 and set a “market perform” rating for the company in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Expensify in a research report on Wednesday. Finally, Wall Street Zen cut shares of Expensify from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Expensify currently has an average rating of “Hold” and an average price target of $4.00.

Expensify Trading Up 1.6%

EXFY stock opened at $1.55 on Friday. Expensify, Inc. has a 12 month low of $1.33 and a 12 month high of $4.13. The company has a market cap of $124.90 million, a price-to-earnings ratio of -9.09 and a beta of 1.69. The firm has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.97.

Expensify (NASDAQ:EXFY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.08). Expensify had a negative return on equity of 11.75% and a negative net margin of 10.83%.The firm had revenue of $35.07 million for the quarter, compared to analysts’ expectations of $35.65 million.

Insider Transactions at Expensify

In related news, Director Timothy L. Christen bought 40,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of $1.43 per share, with a total value of $57,200.00. Following the completion of the acquisition, the director owned 289,754 shares of the company’s stock, valued at $414,348.22. This trade represents a 16.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Michael Barrett sold 30,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1.92, for a total value of $57,600.00. Following the completion of the sale, the chief executive officer owned 1,468,480 shares of the company’s stock, valued at approximately $2,819,481.60. This trade represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,724 shares of company stock valued at $212,215 in the last ninety days. 12.27% of the stock is currently owned by company insiders.

Expensify 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.