Expensify, Inc. (NASDAQ:EXFY) Given Average Recommendation of “Hold” by Analysts

Shares of Expensify, Inc. (NASDAQ:EXFYGet Free Report) have earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $4.20.

EXFY has been the topic of several research reports. Morgan Stanley raised Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. JMP Securities reiterated a “market perform” rating on shares of Expensify in a report on Friday, June 14th. Finally, Citigroup dropped their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd.

View Our Latest Analysis on EXFY

Expensify Stock Up 4.9 %

Shares of EXFY opened at $1.51 on Tuesday. Expensify has a 12-month low of $1.24 and a 12-month high of $8.25. The firm has a market capitalization of $130.61 million, a PE ratio of -3.15 and a beta of 1.46. The stock’s fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.82.

Expensify (NASDAQ:EXFYGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The firm had revenue of $33.50 million for the quarter, compared to analyst estimates of $35.56 million. During the same period last year, the company earned ($0.07) EPS. The company’s revenue was down 16.5% compared to the same quarter last year. Analysts anticipate that Expensify will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other Expensify news, COO Anuradha Muralidharan sold 17,520 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $1.50, for a total value of $26,280.00. Following the completion of the sale, the chief operating officer now directly owns 79,377 shares in the company, valued at $119,065.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expensify news, CEO David Michael Barrett sold 54,685 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.74, for a total value of $95,151.90. Following the completion of the sale, the chief executive officer now directly owns 1,324,438 shares in the company, valued at $2,304,522.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Anuradha Muralidharan sold 17,520 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $1.50, for a total value of $26,280.00. Following the completion of the sale, the chief operating officer now owns 79,377 shares of the company’s stock, valued at $119,065.50. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 890,806 shares of company stock worth $1,341,615 and sold 627,084 shares worth $987,674. Corporate insiders own 17.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EXFY. Barclays PLC boosted its position in shares of Expensify by 433.4% during the third quarter. Barclays PLC now owns 105,759 shares of the company’s stock worth $344,000 after buying an additional 85,931 shares during the period. Aigen Investment Management LP acquired a new position in shares of Expensify during the third quarter worth about $134,000. Hsbc Holdings PLC boosted its position in shares of Expensify by 63.5% during the third quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock worth $184,000 after buying an additional 21,700 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Expensify during the third quarter worth about $156,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Expensify by 287.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 108,415 shares of the company’s stock worth $352,000 after buying an additional 80,410 shares during the period. 68.42% of the stock is owned by institutional investors and hedge funds.

About Expensify

(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.

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Analyst Recommendations for Expensify (NASDAQ:EXFY)

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