Expensify (NASDAQ:EXFY) Issues Quarterly Earnings Results

Expensify (NASDAQ:EXFYGet Free Report) issued its earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12), Briefing.com reports. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The firm had revenue of $33.50 million for the quarter, compared to analysts’ expectations of $35.56 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year.

Expensify Stock Down 0.6 %

Shares of EXFY traded down $0.01 during trading on Friday, reaching $1.77. The company’s stock had a trading volume of 461,991 shares, compared to its average volume of 626,946. The company has a fifty day moving average of $1.77 and a two-hundred day moving average of $2.03. Expensify has a twelve month low of $1.40 and a twelve month high of $8.25. The company has a market cap of $124.93 million, a price-to-earnings ratio of -3.47 and a beta of 1.48.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup decreased their target price on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Piper Sandler decreased their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.93.

Check Out Our Latest Stock Report on EXFY

Insider Buying and Selling at Expensify

In other Expensify news, major shareholder Steven J. Mclaughlin purchased 248,712 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $1.43 per share, with a total value of $355,658.16. Following the completion of the purchase, the insider now owns 8,778,407 shares in the company, valued at approximately $12,553,122.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Steven J. Mclaughlin bought 182,941 shares of Expensify stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $1.59 per share, with a total value of $290,876.19. Following the completion of the acquisition, the insider now directly owns 8,529,695 shares in the company, valued at approximately $13,562,215.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Steven J. Mclaughlin bought 248,712 shares of Expensify stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $1.43 per share, with a total value of $355,658.16. Following the completion of the acquisition, the insider now owns 8,778,407 shares of the company’s stock, valued at $12,553,122.01. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,014,740 shares of company stock valued at $1,549,045 and have sold 725,107 shares valued at $1,295,223. 20.32% of the stock is currently owned by corporate insiders.

Expensify Company Profile

(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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Earnings History for Expensify (NASDAQ:EXFY)

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