Expensify, Inc. (NASDAQ:EXFY – Get Free Report) Director Timothy L. Christen acquired 47,050 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $2.13 per share, for a total transaction of $100,216.50. Following the acquisition, the director now directly owns 91,834 shares of the company’s stock, valued at $195,606.42. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Expensify Stock Down 4.1 %
Shares of EXFY opened at $2.09 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 2.44. Expensify, Inc. has a 1-year low of $1.52 and a 1-year high of $11.65. The firm has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $5.29.
Expensify (NASDAQ:EXFY – Get Free Report) last announced its earnings results on Tuesday, November 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). Expensify had a negative net margin of 23.69% and a negative return on equity of 38.14%. The company had revenue of $36.50 million for the quarter, compared to analyst estimates of $39.16 million. During the same quarter last year, the company posted ($0.10) EPS. Expensify’s quarterly revenue was down 14.1% compared to the same quarter last year. Analysts anticipate that Expensify, Inc. will post -0.37 earnings per share for the current year.
Wall Street Analyst Weigh In
Institutional Trading of Expensify
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY purchased a new position in Expensify in the 2nd quarter valued at about $25,000. Royal Bank of Canada lifted its stake in shares of Expensify by 117.8% during the third quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after buying an additional 1,178 shares during the period. Quadrature Capital Ltd acquired a new stake in Expensify during the third quarter worth approximately $35,000. Ameritas Investment Partners Inc. acquired a new stake in Expensify during the second quarter worth approximately $36,000. Finally, Corton Capital Inc. purchased a new stake in Expensify in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 56.70% of the company’s stock.
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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