Expensify, Inc. (NASDAQ:EXFY) Director Daniel Vidal Sells 15,000 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) Director Daniel Vidal sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1.62, for a total value of $24,300.00. Following the sale, the director now owns 135,933 shares in the company, valued at $220,211.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Daniel Vidal also recently made the following trade(s):

• On Friday, March 15th, Daniel Vidal sold 20,000 shares of Expensify stock. The shares were sold at an average price of $2.00, for a total value of $40,000.00.
• On Monday, March 11th, Daniel Vidal sold 5,202 shares of Expensify stock. The shares were sold at an average price of $2.14, for a total value of $11,132.28.

Expensify Trading Up 0.9 %

Shares of NASDAQ EXFY opened at $1.72 on Thursday. The business’s 50 day moving average price is $1.69 and its 200-day moving average price is $1.97. Expensify, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.25.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $33.50 million for the quarter, compared to analysts’ expectations of $35.56 million. Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Analysts forecast that Expensify, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXFY. Citigroup reduced their price target on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Piper Sandler reduced their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC boosted its position in Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after acquiring an additional 8,500 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Expensify during the 3rd quarter valued at $35,000. Corton Capital Inc. bought a new stake in Expensify during the 3rd quarter valued at $37,000. Hsbc Holdings PLC boosted its position in Expensify by 63.5% during the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after acquiring an additional 21,700 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in Expensify by 93.5% during the 3rd quarter. Quantbot Technologies LP now owns 47,396 shares of the company’s stock valued at $154,000 after acquiring an additional 22,897 shares in the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

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.