Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin acquired 17,511 shares of Expensify stock in a transaction on Thursday, April 25th. The stock was purchased at an average price of $1.59 per share, with a total value of $27,842.49. Following the purchase, the insider now owns 9,015,636 shares of the company’s stock, valued at approximately $14,334,861.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Expensify Price Performance
Expensify stock traded down $0.02 during trading hours on Monday, hitting $1.61. The stock had a trading volume of 2,096,983 shares, compared to its average volume of 650,217. The stock has a market capitalization of $113.63 million, a price-to-earnings ratio of -3.18 and a beta of 1.49. Expensify, Inc. has a 1-year low of $1.40 and a 1-year high of $8.25. The stock’s fifty day moving average is $1.80 and its two-hundred day moving average is $2.10.
Expensify (NASDAQ:EXFY – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The firm’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts anticipate that Expensify, Inc. will post -0.19 EPS for the current year.
Hedge Funds Weigh In On Expensify
Wall Street Analysts Forecast Growth
EXFY has been the subject of a number of research reports. Piper Sandler reduced their price objective on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Citigroup dropped their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.93.
Read Our Latest Analysis on Expensify
About Expensify
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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