FlexShopper, Inc. (NASDAQ:FPAY) Director Buys $12,348.00 in Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin purchased 9,800 shares of the business’s stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $1.26 per share, with a total value of $12,348.00. Following the purchase, the director now owns 4,450,046 shares of the company’s stock, valued at $5,607,057.96. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Howard Dvorkin also recently made the following trade(s):

• On Tuesday, June 25th, Howard Dvorkin bought 6,111 shares of FlexShopper stock. The shares were bought at an average price of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin bought 6,000 shares of FlexShopper stock. The shares were bought at an average price of $1.20 per share, with a total value of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin acquired 5,500 shares of FlexShopper stock. The stock was acquired at an average price of $1.24 per share, with a total value of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin bought 20,467 shares of FlexShopper stock. The stock was purchased at an average cost of $1.15 per share, for a total transaction of $23,537.05.
• On Friday, June 7th, Howard Dvorkin purchased 64,054 shares of FlexShopper stock. The shares were bought at an average cost of $1.12 per share, for a total transaction of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin purchased 7,833 shares of FlexShopper stock. The shares were bought at an average cost of $1.11 per share, for a total transaction of $8,694.63.
• On Monday, June 3rd, Howard Dvorkin purchased 52,200 shares of FlexShopper stock. The shares were bought at an average cost of $1.10 per share, for a total transaction of $57,420.00.
• On Wednesday, May 29th, Howard Dvorkin purchased 18,226 shares of FlexShopper stock. The shares were bought at an average cost of $1.14 per share, for a total transaction of $20,777.64.
• On Wednesday, May 22nd, Howard Dvorkin bought 3,381 shares of FlexShopper stock. The shares were acquired at an average price of $1.16 per share, for a total transaction of $3,921.96.
• On Monday, May 20th, Howard Dvorkin bought 17,814 shares of FlexShopper stock. The shares were acquired at an average price of $1.16 per share, for a total transaction of $20,664.24.

FlexShopper Trading Down 2.4 %

NASDAQ:FPAY traded down $0.03 during mid-day trading on Tuesday, hitting $1.24. 11,332 shares of the company’s stock were exchanged, compared to its average volume of 55,808. The company has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $1.27. The company has a current ratio of 13.70, a quick ratio of 13.70 and a debt-to-equity ratio of 19.16. FlexShopper, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $2.47. The firm has a market capitalization of $26.97 million, a P/E ratio of -3.88 and a beta of 1.33.

FlexShopper (NASDAQ:FPAY) last issued its quarterly earnings results on Monday, May 13th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $33.95 million for the quarter, compared to the consensus estimate of $29.30 million. FlexShopper had a negative net margin of 3.51% and a negative return on equity of 58.72%. As a group, research analysts expect that FlexShopper, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research report on Wednesday, May 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FlexShopper stock. Heron Bay Capital Management purchased a new position in FlexShopper, Inc. (NASDAQ:FPAY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned 0.13% of FlexShopper as of its most recent filing with the Securities and Exchange Commission. 19.41% of the stock is currently owned by hedge funds and other 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.