The stock of Expensify Inc. (NASDAQ:EXFY) last traded at $7.89, up 4.50% from the previous session.
Data from the available sources indicates that Expensify Inc. (NASDAQ:EXFY) is covered by 8 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $9.00, we find $12.50. Given the previous closing price of $7.55, this indicates a potential upside of 65.56 percent. EXFY stock price is now -14.08% away from the 50-day moving average and -43.43% away from the 200-day moving average. The market capitalization of the company currently stands at $629.07M.
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In total, 2 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $12.13 as their price target over the next twelve months.
With the price target of $9, Morgan Stanley recently initiated with Equal-Weight rating for Expensify Inc. (NASDAQ: EXFY). On December 07, 2022, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, Barrett David Michael, Chief Executive Officer sold 30,000 shares of the company’s stock on Mar 09. The stock was sold for $248,400 at an average price of $8.28. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,412,003 shares in the company, valued at $26.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Director Vidal Daniel sold 5,000 shares of the business’s stock. A total of $49,100 was realized by selling the stock at an average price of $9.82. This leaves the insider owning 87,792 shares of the company worth $0.69 million. Insiders disposed of 9,735,277 shares of company stock worth roughly $76.81 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EXFY stock. A new stake in Expensify Inc. shares was purchased by SVB WEALTH LLC during the first quarter worth $26,512,000. INVENOMIC CAPITAL MANAGEMENT LP invested $11,333,000 in shares of EXFY during the first quarter. In the first quarter, MORLING FINANCIAL ADVISORS, LLC acquired a new stake in Expensify Inc. valued at approximately $1,323,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in EXFY for approximately $929,000. AQR CAPITAL MANAGEMENT LLC purchased a new stake in EXFY valued at around $688,000 in the second quarter. In total, there are 101 active investors with 47.10% ownership of the company’s stock.
With an opening price of $7.45 on Thursday morning, Expensify Inc. (NASDAQ: EXFY) set off the trading day. During the past 12 months, Expensify Inc. has had a low of $7.01 and a high of $25.39. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 3.10, and a quick ratio of 3.10. The fifty day moving average price for EXFY is $9.18 and a two-hundred day moving average price translates $13.95 for the stock.
The latest earnings results from Expensify Inc. (NASDAQ: EXFY) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at $0.06, missing analysts’ expectations of $0.08 by -0.02. This compares to -$0.53 EPS in the same period last year. The net profit margin was -15.90% and return on equity was -29.20% for EXFY. The company reported revenue of $43.47 million for the quarter, compared to $40.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.69 percent. For the current quarter, analysts expect EXFY to generate $44.38M in revenue.
Expensify Inc.(EXFY) Company Profile
Expensify, Inc. provides a cloud-based expense management software platform to individuals, small businesses, and corporations 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. It also offers track and submit plans for individuals. The company was founded in 2008 and is based in Portland, Oregon.
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