In yesterday’s Wall Street session, Expensify Inc. (NASDAQ:EXFY) shares traded at $5.90, down -7.96% from the previous session.
8 analysts cover Expensify Inc. (NASDAQ:EXFY), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $5.00, we find $9.50. Given the previous closing price of $6.41, this indicates a potential upside of 48.21 percent. EXFY stock price is now -20.33% away from the 50-day moving average and -32.73% away from the 200-day moving average. The market capitalization of the company currently stands at $486.10M.
The stock has received a hold rating from 2 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $9.44 as their price target over the next twelve months.
With the price target reduced from $9 to $5, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Expensify Inc. (NASDAQ: EXFY).
In other news, Schaffer Ryan, Chief Financial Officer sold 7,350 shares of the company’s stock on Jul 13. The stock was sold for $58,800 at an average price of $8.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 78,742 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12, Chief Executive Officer Barrett David Michael sold 30,000 shares of the business’s stock. A total of $225,600 was realized by selling the stock at an average price of $7.52. This leaves the insider owning 3,093,348 shares of the company worth $18.25 million. Insiders disposed of 1,257,937 shares of company stock worth roughly $7.42 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 SUSQUEHANNA INTERNATIONAL GROUP, LLP during the first quarter worth $1,621,000. FORMULA GROWTH LTD invested $1,062,000 in shares of EXFY during the first quarter. In the first quarter, ALGERT GLOBAL LLC acquired a new stake in Expensify Inc. valued at approximately $782,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in EXFY for approximately $716,000. ROYCE & ASSOCIATES LP purchased a new stake in EXFY valued at around $558,000 in the second quarter.
On Wednesday morning Expensify Inc. (NASDAQ: EXFY) stock kicked off with the opening price of $6.31. During the past 12 months, Expensify Inc. has had a low of $5.67 and a high of $25.39. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 3.10, and a quick ratio of 3.10. The fifty day moving average price for EXFY is $7.39 and a two-hundred day moving average price translates $8.73 for the stock.
According to the Software – Application Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.08 by -0.03. This compares to -$0.09 EPS in the same period last year. The net profit margin was -15.10% and return on equity was -26.30% for EXFY. The company reported revenue of $40.1 million for the quarter, compared to $40.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.67 percent. For the current quarter, analysts expect EXFY to generate $41.49M in revenue.
