FlexShopper (NASDAQ:FPAY) Price Target Raised to $4.00

FlexShopper (NASDAQ:FPAY) had its target price upped by Maxim Group from $2.00 to $4.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Separately, HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of FlexShopper in a research note on Friday.

FlexShopper Stock Up 5.2 %

Shares of NASDAQ:FPAY opened at $1.53 on Friday. The company has a quick ratio of 15.78, a current ratio of 15.78 and a debt-to-equity ratio of 28.90. The business’s 50 day moving average is $1.21 and its 200 day moving average is $1.16. The stock has a market cap of $32.73 million, a P/E ratio of -8.97 and a beta of 1.33. FlexShopper has a 52-week low of $0.97 and a 52-week high of $1.95.

Hedge Funds Weigh In On FlexShopper

A number of large investors have recently bought and sold shares of FPAY. Heron Bay Capital Management bought a new position in shares of FlexShopper in the 1st quarter worth $43,000. Renaissance Technologies LLC raised its holdings in FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 50,847 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of FlexShopper during the second quarter valued at about $58,000. Finally, Waterfall Asset Management LLC bought a new stake in shares of FlexShopper in the 3rd quarter valued at about $1,678,000. Institutional investors own 19.41% of the company’s stock.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.