Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin acquired 11,972 shares of Expensify stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $1.60 per share, with a total value of $19,155.20. Following the transaction, the insider now owns 9,558,279 shares of the company’s stock, valued at approximately $15,293,246.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Expensify Price Performance
Shares of EXFY stock opened at $1.66 on Monday. The company has a market capitalization of $117.16 million, a price-to-earnings ratio of -3.25 and a beta of 1.48. The company’s fifty day moving average price is $1.80 and its 200-day moving average price is $2.05. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.25.
Expensify (NASDAQ:EXFY – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. Equities research analysts expect that Expensify, Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Expensify
Analyst Ratings Changes
A number of equities research analysts have issued reports on EXFY shares. Piper Sandler cut their price target 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 lowered their target price on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Expensify currently has a consensus rating of “Hold” and an average price target of $5.93.
Read Our Latest Report on EXFY
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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