FlexShopper (NASDAQ:FPAY – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a research note issued on Friday,Benzinga reports. They currently have a $2.50 price target on the financial services provider’s stock. HC Wainwright’s price objective points to a potential upside of 72.41% from the stock’s current price.
FlexShopper Stock Performance
NASDAQ:FPAY opened at $1.45 on Friday. The company has a debt-to-equity ratio of 28.90, a quick ratio of 15.78 and a current ratio of 15.78. The firm’s 50-day moving average is $1.19 and its 200-day moving average is $1.16. The company has a market cap of $31.12 million, a price-to-earnings ratio of -6.30 and a beta of 1.33. FlexShopper has a 52-week low of $0.94 and a 52-week high of $1.95.
Institutional Investors Weigh In On FlexShopper
A number of institutional investors and hedge funds have recently modified their holdings of the business. Heron Bay Capital Management acquired a new position in FlexShopper in the 1st quarter worth $43,000. Renaissance Technologies LLC increased its holdings in shares of FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 50,847 shares during the period. Insigneo Advisory Services LLC acquired a new stake in shares of FlexShopper during the 2nd quarter worth approximately $58,000. Finally, Waterfall Asset Management LLC acquired a new position in FlexShopper during the third quarter worth about $1,678,000. 19.41% of the stock is owned by institutional investors.
FlexShopper Company Profile
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.
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