Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin bought 12,999 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average cost of $1.45 per share, with a total value of $18,848.55. Following the completion of the purchase, the insider now directly owns 9,716,363 shares in the company, valued at $14,088,726.35. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Expensify Stock Performance
Shares of Expensify stock opened at $1.49 on Monday. The company has a fifty day simple moving average of $1.58 and a 200-day simple moving average of $1.79. The stock has a market cap of $128.87 million, a price-to-earnings ratio of -3.10 and a beta of 1.46. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $8.25.
Expensify (NASDAQ:EXFY – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $33.50 million during the quarter, compared to analyst estimates of $35.56 million. Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The business’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, analysts forecast that Expensify, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Expensify
Analysts Set New Price Targets
A number of brokerages have recently commented on EXFY. JMP Securities reissued a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th. Finally, Citigroup decreased their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.20.
Get Our Latest Analysis 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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