Expensify, Inc. (NASDAQ:EXFY) Short Interest Update

Expensify, Inc. (NASDAQ:EXFY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 453,800 shares, a decline of 8.9% from the September 30th total of 498,300 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 532,600 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Separately, JMP Securities raised shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research note on Friday, August 9th.

Insider Activity

In related news, CFO Ryan Schaffer sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $2.27, for a total value of $28,375.00. Following the completion of the transaction, the chief financial officer now owns 152,531 shares of the company’s stock, valued at approximately $346,245.37. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David Michael Barrett sold 11,203 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $2.28, for a total value of $25,542.84. Following the transaction, the chief executive officer now owns 3,224,701 shares in the company, valued at $7,352,318.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ryan Schaffer sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $2.27, for a total transaction of $28,375.00. Following the completion of the sale, the chief financial officer now directly owns 152,531 shares of the company’s stock, valued at $346,245.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 771,126 shares of company stock worth $1,768,625 over the last 90 days. 17.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expensify

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in Expensify during the second quarter worth $53,000. Quadrature Capital Ltd bought a new position in shares of Expensify in the 1st quarter valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Expensify in the 2nd quarter worth approximately $86,000. Wealthspire Advisors LLC boosted its position in Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Expensify by 74.4% during the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Expensify Stock Performance

Shares of Expensify stock traded down $0.02 during trading on Friday, hitting $1.87. 366,941 shares of the stock traded hands, compared to its average volume of 712,681. The stock has a market cap of $143.69 million, a P/E ratio of -5.05 and a beta of 1.52. The company has a fifty day moving average price of $2.07 and a two-hundred day moving average price of $1.84. Expensify has a twelve month low of $1.24 and a twelve month high of $2.92.

Expensify (NASDAQ:EXFY) last posted its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Expensify had a negative net margin of 22.41% and a negative return on equity of 29.82%. The business had revenue of $33.29 million during the quarter, compared to analyst estimates of $35.69 million.

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.