Waterfall Asset Management LLC Purchases Shares of 1,629,547 FlexShopper, Inc. (NASDAQ:FPAY)

Posted by Tech Dows on Nov 27th, 2024

Waterfall Asset Management LLC acquired a new position in FlexShopper, Inc. (NASDAQ:FPAY – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,629,547 shares of the financial services provider’s stock, valued at approximately $1,678,000. FlexShopper makes up 0.2% of Waterfall Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Waterfall Asset Management LLC owned approximately 7.59% of FlexShopper as of its most recent SEC filing.

Separately, Insigneo Advisory Services LLC acquired a new position in FlexShopper during the 2nd quarter worth approximately $58,000. 19.41% of the stock is currently owned by institutional investors.

FlexShopper Price Performance

FPAY traded down $0.08 on Wednesday, reaching $1.69. The company’s stock had a trading volume of 78,116 shares, compared to its average volume of 162,142. FlexShopper, Inc. has a 1 year low of $0.97 and a 1 year high of $1.95. The business’s 50 day moving average is $1.30 and its 200 day moving average is $1.19. The company has a current ratio of 7.98, a quick ratio of 7.98 and a debt-to-equity ratio of 19.65.

Analysts Set New Price Targets

FPAY has been the subject of several recent research reports. Maxim Group increased their price objective on shares of FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th. HC Wainwright reaffirmed a “buy” rating and set a $2.50 price target on shares of FlexShopper in a report on Friday, November 15th.

Get Our Latest Report on FlexShopper

FlexShopper Profile

(Free Report)

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.