HC Wainwright reiterated their buy rating on shares of FlexShopper (NASDAQ:FPAY – Free Report) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $2.50 target price on the financial services provider’s stock.
FlexShopper Trading Up 4.9 %
FPAY opened at $1.28 on Wednesday. The company has a market cap of $27.84 million, a P/E ratio of -4.00 and a beta of 1.35. The company has a current ratio of 15.78, a quick ratio of 15.78 and a debt-to-equity ratio of 28.90. The company’s 50 day moving average is $1.08 and its 200-day moving average is $1.14. FlexShopper has a 1-year low of $0.94 and a 1-year high of $1.95.
FlexShopper (NASDAQ:FPAY – Get Free Report) last issued its earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $31.76 million for the quarter, compared to analyst estimates of $31.00 million. FlexShopper had a negative net margin of 0.41% and a positive return on equity of 0.77%. Equities research analysts predict that FlexShopper will post -0.12 earnings per share for the current fiscal year.
Insiders Place Their Bets
Hedge Funds Weigh In On FlexShopper
Several large investors have recently modified their holdings of FPAY. Renaissance Technologies LLC increased its holdings in FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 50,847 shares during the period. Insigneo Advisory Services LLC bought a new stake in shares of FlexShopper in the 2nd quarter valued at about $58,000. Finally, Heron Bay Capital Management acquired a new stake in shares of FlexShopper in the first quarter valued at about $43,000. Institutional investors own 19.41% of the company’s stock.
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.
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