Expensify (EXFY) Expected to Announce Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect Expensify to post earnings of $0.06 per share and revenue of $36.41 million for the quarter.

Expensify Trading Down 1.8 %

Shares of EXFY stock traded down $0.05 during trading on Tuesday, reaching $2.87. 182,564 shares of the company's stock traded hands, compared to its average volume of 634,426. The firm's 50-day moving average is $3.08 and its 200 day moving average is $3.16. The company has a market capitalization of $230.52 million, a P/E ratio of -15.93 and a beta of 1.86. Expensify has a 1 year low of $1.24 and a 1 year high of $4.13.

Expensify declared that its board has approved a share buyback program on Thursday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 20.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Expensify

In related news, CEO David Michael Barrett sold 22,873 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $2.84, for a total value of $64,959.32. Following the transaction, the chief executive officer now directly owns 1,588,480 shares in the company, valued at approximately $4,511,283.20. This represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Vidal sold 9,000 shares of Expensify stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $3.15, for a total transaction of $28,350.00. Following the sale, the director now owns 232,428 shares of the company's stock, valued at approximately $732,148.20. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 280,921 shares of company stock valued at $886,854. 17.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Lake Street Capital boosted their price objective on Expensify from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, February 28th.

Expensify Company Profile

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.