Expensify (NASDAQ:EXFY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Friday.
Separately, Lake Street Capital dropped their price target on shares of Expensify from $5.00 to $4.50 and set a "buy" rating on the stock in a research note on Friday, May 9th.
Read Our Latest Stock Analysis on EXFY
Expensify Trading Up 3.2%
EXFY traded up $0.08 on Friday, reaching $2.55. The stock had a trading volume of 8,467,870 shares, compared to its average volume of 679,034. The business's 50-day moving average price is $2.49 and its two-hundred day moving average price is $3.07. The company has a market cap of $204.97 million, a P/E ratio of -28.33 and a beta of 1.69. Expensify has a 12-month low of $1.41 and a 12-month high of $4.13.
Insider Transactions at Expensify
In other news, CEO David Michael Barrett sold 32,079 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $2.79, for a total transaction of $89,500.41. Following the completion of the transaction, the chief executive officer now directly owns 1,673,744 shares in the company, valued at approximately $4,669,745.76. This represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 164,646 shares of company stock worth $439,155 in the last 90 days. Insiders own 12.27% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Mariner LLC purchased a new stake in shares of Expensify in the 4th quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its holdings in Expensify by 1,194.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock valued at $36,000 after purchasing an additional 9,997 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Expensify in the fourth quarter valued at approximately $40,000. Virtu Financial LLC purchased a new stake in Expensify in the first quarter valued at approximately $41,000. Finally, Boothbay Fund Management LLC acquired a new position in Expensify during the fourth quarter worth $48,000. Institutional investors and hedge funds own 68.42% of the company's stock.
About Expensify
(
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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