Should I buy or sell Expensify stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Expensify in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EXFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXFY, but not buy additional shares or sell existing shares. View EXFY analyst ratings or view top-rated stocks .

What is Expensify's stock price target for 2024?

8 brokerages have issued twelve-month target prices for Expensify's shares. Their EXFY share price targets range from $2.00 to $12.00. On average, they anticipate the company's share price to reach $6.50 in the next year. This suggests a possible upside of 156.9% from the stock's current price. View analysts price targets for EXFY or view top-rated stocks among Wall Street analysts .

How have EXFY shares performed in 2023?

Expensify's stock was trading at $8.83 on January 1st, 2023. Since then, EXFY shares have decreased by 71.3% and is now trading at $2.53. View the best growth stocks for 2023 here .

Are investors shorting Expensify?

Expensify saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,450,000 shares, a drop of 7.1% from the October 31st total of 1,560,000 shares. Based on an average daily trading volume, of 671,100 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.6% of the company's shares are sold short. View Expensify's Short Interest .

When is Expensify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our EXFY earnings forecast .

How were Expensify's earnings last quarter?

Expensify, Inc. (NASDAQ:EXFY) released its earnings results on Tuesday, November, 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.23. The firm had revenue of $36.50 million for the quarter, compared to the consensus estimate of $39.16 million. Expensify had a negative trailing twelve-month return on equity of 38.14% and a negative net margin of 23.69%. The company's revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) earnings per share.

When did Expensify IPO?

(EXFY) raised $234 million in an initial public offering on Wednesday, November 10th 2021. The company issued 9,730,776 shares at $23.00-$25.00 per share.

Who are Expensify's major shareholders?

Expensify's stock is owned by a variety of retail and institutional investors. Top institutional investors include SVB Wealth LLC (3.00%), Walleye Capital LLC (1.03%), Ameriprise Financial Inc. (0.99%), Northern Trust Corp (0.70%), Charles Schwab Investment Management Inc. (0.48%) and Jacobs Levy Equity Management Inc. (0.34%). Insiders that own company stock include Anuradha Muralidharan, Daniel Vidal, David Michael Barrett, Jason Fahr Mills, Openview Management, Llc, Ryan Schaffer, Steven J Mclaughlin, Timothy L Christen and Ying Liu. View institutional ownership trends .

How do I buy shares of Expensify?

Shares of EXFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Expensify Stock Price, News & Analysis (NASDAQ:EXFY)

$2.53

+0.20 (+8.58%)

(As of 12/1/2023 ET)

Compare

Today's Range: $2.29
▼
$2.54
50-Day Range: $1.83
▼
$3.37
52-Week Range: $1.52
▼
$11.65

Volume: 627,161 shs
Average Volume: 882,989 shs
Market Capitalization: $175.05 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.50

Expensify MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 156.9% Upside
$6.50 Price Target
Short Interest: Healthy
3.64% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.13
Based on 11 Articles This Week
Insider Trading: Selling Shares
$1.75 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.54) to ($0.30) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Business Services Sector

72nd out of 318 stocks

Prepackaged Software Industry

30th out of 205 stocks

3.0

Analyst's Opinion

Consensus Rating
Expensify has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.50, Expensify has a forecasted upside of 156.9% from its current price of $2.53.
Amount of Analyst Coverage
Expensify has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.64% of the float of Expensify has been sold short.
Short Interest Ratio / Days to Cover
Expensify has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Expensify has recently decreased by 7.05%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Expensify does not currently pay a dividend.
Dividend Growth
Expensify does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EXFY.

2.3

News and Social Media Coverage

News Sentiment
Expensify has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Expensify this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for EXFY on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Expensify insiders have sold 236.33% more of their company's stock than they have bought. Specifically, they have bought $519,074.00 in company stock and sold $1,745,789.00 in company stock.
Percentage Held by Insiders
20.32% of the stock of Expensify is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
56.70% of the stock of Expensify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Expensify are expected to grow in the coming year, from ($0.54) to ($0.30) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Expensify is -5.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Expensify is -5.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Expensify has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Expensify Stock (NASDAQ:EXFY)

Expensify, Inc. provides a cloud-based expense management software platform to individuals, small businesses, and corporations 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. It also offers track and submit plans for individuals. The company was founded in 2008 and is based in Portland, Oregon.

EXFY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EXFY Stock News Headlines

December 2, 2023 | tmcnet.com

The Law Offices of Frank R. Cruz Announces Investigation of Expensify, Inc. (EXFY) on Behalf of Investors

November 30, 2023 | benzinga.com

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Expensify, Inc. (EXFY)

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November 30, 2023 | benzinga.com

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Expensify, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - EXFY

November 30, 2023 | businesswire.com

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Expensify, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – EXFY

November 25, 2023 | benzinga.com

Expensify Stock (NASDAQ:EXFY) Dividends: History, Yield and Dates

November 17, 2023 | finance.yahoo.com

Director Timothy Christen Bolsters Position in Expensify Inc with Purchase of 47,050 Shares

November 16, 2023 | finance.yahoo.com

Need To Know: The Consensus Just Cut Its Expensify, Inc. (NASDAQ:EXFY) Estimates For 2024

December 2, 2023 | Wealthpress (Ad)

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November 12, 2023 | finance.yahoo.com

Estimating The Intrinsic Value Of Expensify, Inc. (NASDAQ:EXFY)

November 9, 2023 | finance.yahoo.com

Expensify, Inc. (NASDAQ:EXFY) Q3 2023 Earnings Call Transcript

November 7, 2023 | bizjournals.com

Expensify's CEO on how to run a public company with no managers

November 6, 2023 | benzinga.com

Earnings Outlook For Expensify

October 24, 2023 | finance.yahoo.com

Expensify to Announce Q3 2023 Results

October 23, 2023 | markets.businessinsider.com

Where Expensify Stands With Analysts

October 23, 2023 | finance.yahoo.com

Expensify Unveils Personal Payments and Bill Splitting for Everyone

October 17, 2023 | finance.yahoo.com

Expensify.org Announces Campaign to Help Underfunded Educators Pay for Essential School Supplies

September 27, 2023 | msn.com

Expensify: A Wait-And-See Approach Is Appropriate

September 22, 2023 | fool.com

Expensify (NASDAQ: EXFY)

September 15, 2023 | msn.com

JP Morgan Initiates Coverage of Expensify Inc - (EXFY) with Underweight Recommendation

September 15, 2023 | ca.investing.com

JPMorgan says Expensify has 'challenging business model,' starts stock at 'underweight'

September 15, 2023 | msn.com

Expensify stock dips as J.P. Morgan starts at Underweight

September 13, 2023 | finance.yahoo.com

Expensify Inc CEO David Barrett Sells 350,000 Shares

September 5, 2023 | finance.yahoo.com

Small Business Expo Brings Expensify to Thousands of Attendees

August 31, 2023 | finance.yahoo.com

Expensify Releases Enhanced Insights and Custom Reporting Functionality

August 30, 2023 | finance.yahoo.com

Expensify Selected as SaaStr Annual Conference Chat and Networking Tool

August 23, 2023 | finance.yahoo.com

Expensify Announces Revenue Share Program for ExpensifyApproved! Accountant Partners and Their Clients

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/02/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:EXFY
CUSIP: N/A
CIK: 1476840
Web: www.expensify.com
Phone: 971-365-3939
Fax: N/A
Employees: 138
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.50
High Stock Price Target: $12.00
Low Stock Price Target: $2.00
Potential Upside/Downside: +156.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.46)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-27,010,000.00
Net Margins: -23.69%
Pretax Margin: -20.89%
Return on Equity: -38.14%
Return on Assets: -17.67%

Debt

Debt-to-Equity Ratio: 0.37
Current Ratio: 2.44
Quick Ratio: 2.44

Sales & Book Value

Annual Sales: $169.49 million
Price / Sales: 1.03
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.37 per share
Price / Book: 1.85

Miscellaneous

Outstanding Shares: 69,190,000
Free Float: 55,135,000
Market Cap: $175.05 million
Optionable: Not Optionable
Beta: 1.51

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Key Executives

Mr. David Barrett (Age 46)
Founder, CEO, President & Director
Comp: $1.61M
Mr. Ryan Schaffer (Age 35)
CFO & Director
Comp: $873.09k
Ms. Anuradha Muralidharan (Age 39)
COO & Director
Comp: $460.59k
Mr. Jason Fahr Mills (Age 41)
Chief Product Officer & Director
Mr. Daniel Vidal (Age 34)
Chief Strategy Officer & Director
Cole Eason
Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EXFY Stock Analysis - Frequently Asked Questions

Should I buy or sell Expensify stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Expensify in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EXFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXFY, but not buy additional shares or sell existing shares.
View EXFY analyst ratings or view top-rated stocks.
What is Expensify's stock price target for 2024?: 8 brokerages have issued twelve-month target prices for Expensify's shares. Their EXFY share price targets range from $2.00 to $12.00. On average, they anticipate the company's share price to reach $6.50 in the next year. This suggests a possible upside of 156.9% from the stock's current price.
View analysts price targets for EXFY or view top-rated stocks among Wall Street analysts.
How have EXFY shares performed in 2023?: Expensify's stock was trading at $8.83 on January 1st, 2023. Since then, EXFY shares have decreased by 71.3% and is now trading at $2.53.
View the best growth stocks for 2023 here.
Are investors shorting Expensify?: Expensify saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,450,000 shares, a drop of 7.1% from the October 31st total of 1,560,000 shares. Based on an average daily trading volume, of 671,100 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.6% of the company's shares are sold short.
View Expensify's Short Interest.
When is Expensify's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our EXFY earnings forecast.

How were Expensify's earnings last quarter?: Expensify, Inc. (NASDAQ:EXFY) released its earnings results on Tuesday, November, 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.23. The firm had revenue of $36.50 million for the quarter, compared to the consensus estimate of $39.16 million. Expensify had a negative trailing twelve-month return on equity of 38.14% and a negative net margin of 23.69%. The company's revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) earnings per share.
When did Expensify IPO?: (EXFY) raised $234 million in an initial public offering on Wednesday, November 10th 2021. The company issued 9,730,776 shares at $23.00-$25.00 per share.
Who are Expensify's major shareholders?: Expensify's stock is owned by a variety of retail and institutional investors. Top institutional investors include SVB Wealth LLC (3.00%), Walleye Capital LLC (1.03%), Ameriprise Financial Inc. (0.99%), Northern Trust Corp (0.70%), Charles Schwab Investment Management Inc. (0.48%) and Jacobs Levy Equity Management Inc. (0.34%). Insiders that own company stock include Anuradha Muralidharan, Daniel Vidal, David Michael Barrett, Jason Fahr Mills, Openview Management, Llc, Ryan Schaffer, Steven J Mclaughlin, Timothy L Christen and Ying Liu.
View institutional ownership trends.
How do I buy shares of Expensify?: Shares of EXFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:EXFY) was last updated on 12/2/2023 by MarketBeat.com Staff

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