Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin bought 248,712 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $1.43 per share, for a total transaction of $355,658.16. Following the transaction, the insider now owns 8,778,407 shares of the company’s stock, valued at $12,553,122.01. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Expensify Stock Performance
NASDAQ:EXFY opened at $1.51 on Thursday. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.64. The stock has a market cap of $106.58 million, a PE ratio of -2.96 and a beta of 1.49. The stock has a 50 day moving average price of $1.81 and a 200 day moving average price of $2.18.
Expensify (NASDAQ:EXFY – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The company had revenue of $35.20 million during the quarter, compared to analyst estimates of $36.85 million. During the same period in the prior year, the business posted ($0.04) EPS. Expensify’s revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, analysts predict that Expensify, Inc. will post -0.19 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Expensify
Wall Street Analysts Forecast Growth
Separately, Piper Sandler decreased their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.50.
View Our Latest Research Report 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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