Expensify, Inc. (NASDAQ:EXFY) Director Sells $18,100.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) Director Daniel Vidal sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $1.81, for a total value of $18,100.00. Following the completion of the transaction, the director now owns 176,649 shares of the company’s stock, valued at $319,734.69. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Expensify Stock Performance

NASDAQ EXFY opened at $1.54 on Friday. The company has a market capitalization of $133.20 million, a P/E ratio of -3.21 and a beta of 1.48. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.91. The stock has a 50 day moving average price of $1.65 and a 200-day moving average price of $1.72.

Expensify (NASDAQ:EXFY) last posted its earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $33.50 million for the quarter, compared to the consensus estimate of $35.56 million. Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The firm’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.07) earnings per share. As a group, equities analysts predict that Expensify, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Trading of Expensify

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthspire Advisors LLC raised its holdings in Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after buying an additional 19,157 shares during the period. Azora Capital LP purchased a new stake in Expensify during the 4th quarter valued at $61,000. Mackenzie Financial Corp purchased a new stake in Expensify during the 4th quarter valued at $75,000. Quadrature Capital Ltd purchased a new stake in Expensify during the 1st quarter valued at $65,000. Finally, Aristides Capital LLC purchased a new stake in Expensify during the 4th quarter valued at $134,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXFY. Citigroup dropped their price target on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.20.

About Expensify

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.