Expensify (EXFY) Set to Announce Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Expensify to post earnings of $0.08 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) 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 revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. On average, analysts expect Expensify to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Expensify Stock Performance

Shares of EXFY opened at $1.79 on Wednesday. Expensify has a fifty-two week low of $1.40 and a fifty-two week high of $8.25. The stock has a fifty day moving average of $1.79 and a two-hundred day moving average of $2.03. The company has a market capitalization of $126.34 million, a PE ratio of -3.51 and a beta of 1.48.

Wall Street Analyst Weigh In

EXFY has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Citigroup lowered their target price on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Expensify presently has a consensus rating of “Hold” and an average target price of $5.93.

Insider Activity

In other Expensify news, major shareholder Steven J. Mclaughlin purchased 182,941 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average price of $1.59 per share, for a total transaction of $290,876.19. Following the completion of the acquisition, the insider now owns 8,529,695 shares of the company’s stock, valued at approximately $13,562,215.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Anuradha Muralidharan sold 16,584 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $2.14, for a total transaction of $35,489.76. Following the sale, the chief operating officer now directly owns 77,080 shares in the company, valued at approximately $164,951.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Steven J. Mclaughlin purchased 182,941 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was bought at an average price of $1.59 per share, with a total value of $290,876.19. Following the acquisition, the insider now owns 8,529,695 shares in the company, valued at $13,562,215.05. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,014,740 shares of company stock valued at $1,549,045 and have sold 650,954 shares valued at $1,170,162. Corporate insiders own 20.32% of the company’s stock.

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.