Federated Hermes Inc. Purchases 160,864 Shares of Expensify, Inc. (NASDAQ:EXFY)

Federated Hermes Inc. lifted its position in shares of Expensify, Inc. (NASDAQ:EXFY) by 57,044.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,146 shares of the company’s stock after purchasing an additional 160,864 shares during the period. Federated Hermes Inc. owned about 0.23% of Expensify worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EXFY. Hsbc Holdings PLC increased its stake in shares of Expensify by 63.5% in the third quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after buying an additional 21,700 shares during the period. Barclays PLC boosted its holdings in Expensify by 433.4% in the third quarter. Barclays PLC now owns 105,759 shares of the company’s stock valued at $344,000 after acquiring an additional 85,931 shares during the last quarter. Walleye Capital LLC increased its position in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after purchasing an additional 570,495 shares during the period. Aigen Investment Management LP bought a new position in Expensify during the 3rd quarter worth approximately $134,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Expensify in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Expensify Trading Up 1.2 %

Shares of NASDAQ EXFY opened at $1.66 on Friday. The firm has a market capitalization of $117.16 million, a P/E ratio of -3.25 and a beta of 1.48. The firm’s 50-day moving average price is $1.80 and its 200-day moving average price is $2.06. Expensify, Inc. has a 1-year low of $1.40 and a 1-year high of $8.25.

Expensify (NASDAQ:EXFY) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. Equities research analysts forecast that Expensify, Inc. will post -0.12 EPS for the current year.

Insider Buying and Selling

In other Expensify news, major shareholder Steven J. Mclaughlin purchased 248,712 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $1.43 per share, for a total transaction of $355,658.16. Following the purchase, the insider now owns 8,778,407 shares of the company’s stock, valued at approximately $12,553,122.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Steven J. Mclaughlin bought 248,712 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average price of $1.43 per share, with a total value of $355,658.16. Following the completion of the transaction, the insider now directly owns 8,778,407 shares in the company, valued at $12,553,122.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Steven J. Mclaughlin purchased 182,941 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $1.59 per share, with a total value of $290,876.19. Following the acquisition, the insider now directly owns 8,529,695 shares of the company’s stock, valued at approximately $13,562,215.05. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,014,740 shares of company stock worth $1,549,045 and have sold 650,954 shares worth $1,170,162. 20.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXFY shares. Piper Sandler lowered their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Citigroup lowered their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Two investment 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.93.

Expensify 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.