Expensify (EXFY) to Release Earnings on Thursday

Expensify (NASDAQ:EXFY) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Expensify to post earnings of $0.11 per share and revenue of $36.03 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Expensify Trading Down 4.3 %

Shares of EXFY stock opened at $3.12 on Wednesday. The company has a market capitalization of $240.74 million, a price-to-earnings ratio of -17.33 and a beta of 1.87. The firm has a 50-day moving average price of $3.53 and a 200 day moving average price of $2.83. Expensify has a twelve month low of $1.24 and a twelve month high of $4.13.

Insider Buying and Selling

In related news, CEO David Michael Barrett sold 16,715 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05. Following the completion of the sale, the chief executive officer now owns 2,072,233 shares of the company’s stock, valued at approximately $6,776,201.91. This represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anuradha Muralidharan sold 29,410 shares of Expensify stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $3.40, for a total transaction of $99,994.00. Following the transaction, the chief operating officer now directly owns 3,941 shares in the company, valued at approximately $13,399.40. This trade represents a 88.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,090 shares of company stock valued at $981,364. Insiders own 17.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXFY. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup increased their target price on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th.

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.