Expensify, Inc. (NASDAQ:EXFY - Get Free Report) major shareholder Steven J. Mclaughlin bought 11,972 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $1.60 per share, with a total value of $19,155.20. Following the transaction, the insider now directly owns 9,558,279 shares in the company, valued at approximately $15,293,246.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Expensify Price Performance
NASDAQ EXFY opened at $1.66 on Friday. Expensify, Inc. has a 12 month low of $1.40 and a 12 month high of $8.25. The stock's fifty day moving average price is $1.80 and its 200-day moving average price is $2.06.
Expensify (NASDAQ:EXFY - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS 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 revenue for the quarter 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. On average, equities research analysts forecast that Expensify, Inc. will post -0.12 earnings per share for the current year.
Analyst Ratings Changes
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EXFY has been the topic of several recent research reports. Piper Sandler reduced 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 decreased their price target on shares of Expensify from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Expensify currently has a consensus rating of "Hold" and an average price target of $5.93.
View Our Latest Stock Report on EXFY
Hedge Funds Weigh In On Expensify
A number of hedge funds have recently added to or reduced their stakes in EXFY. FNY Investment Advisers LLC boosted its stake in Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company's stock valued at $30,000 after purchasing an additional 8,500 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Expensify during the third quarter valued at $35,000. Corton Capital Inc. purchased a new stake in shares of Expensify during the third quarter valued at $37,000. SG Americas Securities LLC bought a new stake in Expensify in the 3rd quarter worth about $51,000. Finally, Azora Capital LP purchased a new position in Expensify in the 4th quarter worth about $61,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.
Expensify Company Profile
(
Get Free Report)
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.
Further Reading
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