FlexShopper, Inc. (NASDAQ:FPAY) Director Acquires $18,954.00 in Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin purchased 16,200 shares of FlexShopper stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $1.17 per share, with a total value of $18,954.00. Following the completion of the transaction, the director now owns 4,534,558 shares in the company, valued at approximately $5,305,432.86. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Howard Dvorkin also recently made the following trade(s):

• On Monday, August 19th, Howard Dvorkin purchased 10,000 shares of FlexShopper stock. The shares were purchased at an average price of $1.17 per share, for a total transaction of $11,700.00.
• On Thursday, August 15th, Howard Dvorkin bought 5,192 shares of FlexShopper stock. The stock was bought at an average price of $1.12 per share, for a total transaction of $5,815.04.
• On Tuesday, August 13th, Howard Dvorkin bought 26,756 shares of FlexShopper stock. The stock was bought at an average price of $1.06 per share, for a total transaction of $28,361.36.
• On Friday, June 28th, Howard Dvorkin purchased 9,800 shares of FlexShopper stock. The shares were acquired at an average price of $1.26 per share, for a total transaction of $12,348.00.
• On Tuesday, June 25th, Howard Dvorkin bought 6,111 shares of FlexShopper stock. The shares were purchased at an average cost of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin purchased 6,000 shares of FlexShopper stock. The stock was bought at an average cost of $1.20 per share, with a total value of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin bought 5,500 shares of FlexShopper stock. The shares were acquired at an average cost of $1.24 per share, with a total value of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin bought 20,467 shares of FlexShopper stock. The shares were acquired at an average cost of $1.15 per share, with a total value of $23,537.05.
• On Friday, June 7th, Howard Dvorkin purchased 64,054 shares of FlexShopper stock. The shares were purchased at an average price of $1.12 per share, with a total value of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin purchased 7,833 shares of FlexShopper stock. The shares were acquired at an average cost of $1.11 per share, with a total value of $8,694.63.

FlexShopper Price Performance

FPAY stock traded down $0.02 on Monday, reaching $1.07. The company had a trading volume of 36,747 shares, compared to its average volume of 48,971. The company’s fifty day moving average is $1.15 and its 200 day moving average is $1.16. The company has a debt-to-equity ratio of 19.16, a quick ratio of 13.70 and a current ratio of 13.70. The company has a market cap of $23.27 million, a P/E ratio of -3.42 and a beta of 1.33. FlexShopper, Inc. has a 1 year low of $0.93 and a 1 year high of $1.95.

FlexShopper (NASDAQ:FPAY) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. The firm had revenue of $31.76 million during the quarter, compared to the consensus estimate of $31.00 million. On average, research analysts forecast that FlexShopper, Inc. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On FlexShopper

Hedge funds have recently bought and sold shares of the company. Waterfall Asset Management LLC bought a new stake in shares of FlexShopper during the fourth quarter valued at approximately $2,721,000. Renaissance Technologies LLC raised its holdings in shares of FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after buying an additional 50,847 shares during the last quarter. Insigneo Advisory Services LLC bought a new stake in shares of FlexShopper during the second quarter valued at approximately $58,000. Finally, Heron Bay Capital Management bought a new stake in shares of FlexShopper during the first quarter valued at approximately $43,000. 19.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research report on Wednesday, May 15th.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.