Expensify (EXFY) Set to Announce Earnings on Thursday

Expensify (NASDAQ:EXFYGet Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Expensify (NASDAQ:EXFYGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $40.37 million during the quarter, compared to analysts’ expectations of $39.47 million. On average, analysts expect Expensify to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Expensify Stock Up 0.2 %

Expensify stock opened at $20.42 on Thursday. The stock’s fifty day moving average is $18.96 and its two-hundred day moving average is $19.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.85 and a current ratio of 2.85. Expensify has a 1-year low of $13.58 and a 1-year high of $51.06.

Insiders Place Their Bets

In other Expensify news, CFO Ryan Schaffer sold 4,699 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $20.01, for a total value of $94,026.99. Following the completion of the transaction, the chief financial officer now directly owns 60,399 shares of the company’s stock, valued at $1,208,583.99. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Expensify

A number of institutional investors have recently modified their holdings of EXFY. Quantbot Technologies LP bought a new position in shares of Expensify in the first quarter worth about $86,000. Alyeska Investment Group L.P. acquired a new stake in shares of Expensify during the 1st quarter worth approximately $246,000. Jane Street Group LLC acquired a new stake in shares of Expensify during the 1st quarter worth approximately $550,000. State Street Corp grew its position in shares of Expensify by 505.6% during the 1st quarter. State Street Corp now owns 35,731 shares of the company’s stock worth $627,000 after buying an additional 29,831 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Expensify by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 46,958 shares of the company’s stock worth $825,000 after buying an additional 1,123 shares during the period. 49.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXFY has been the topic of a number of recent research reports. Citigroup reduced their target price on Expensify from $27.00 to $21.00 in a research note on Friday, May 13th. Bank of America upgraded shares of Expensify from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $25.00 in a research note on Monday, July 18th. BMO Capital Markets began coverage on shares of Expensify in a research note on Monday, April 25th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Expensify from $47.00 to $30.00 in a research note on Wednesday, June 15th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Expensify currently has an average rating of “Buy” and a consensus target price of $24.14.

About Expensify

(Get Rating)

Expensify, Inc provides a cloud-based expense management software platform to individuals, small businesses, and corporations 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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