FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin Acquires 9,800 Shares

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin purchased 9,800 shares of the business’s stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $1.26 per share, with a total value of $12,348.00. Following the completion of the acquisition, the director now directly owns 4,450,046 shares in the company, valued at approximately $5,607,057.96. The acquisition 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 Tuesday, June 25th, Howard Dvorkin purchased 6,111 shares of FlexShopper stock. The stock was acquired at an average price of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin acquired 6,000 shares of FlexShopper stock. The shares were bought at an average cost of $1.20 per share, with a total value of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin acquired 5,500 shares of FlexShopper stock. The shares were bought at an average cost of $1.24 per share, with a total value of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin acquired 20,467 shares of FlexShopper stock. The shares were bought 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 acquired at an average cost 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.
• On Monday, June 3rd, Howard Dvorkin purchased 52,200 shares of FlexShopper stock. The shares were acquired at an average cost of $1.10 per share, with a total value of $57,420.00.
• On Wednesday, May 29th, Howard Dvorkin purchased 18,226 shares of FlexShopper stock. The shares were acquired at an average cost of $1.14 per share, with a total value of $20,777.64.
• On Wednesday, May 22nd, Howard Dvorkin purchased 3,381 shares of FlexShopper stock. The shares were acquired at an average cost of $1.16 per share, with a total value of $3,921.96.
• On Monday, May 20th, Howard Dvorkin purchased 17,814 shares of FlexShopper stock. The shares were acquired at an average cost of $1.16 per share, with a total value of $20,664.24.

FlexShopper Stock Down 2.4 %

NASDAQ:FPAY traded down $0.03 on Tuesday, reaching $1.24. The stock had a trading volume of 11,332 shares, compared to its average volume of 55,808. The company has a current ratio of 13.70, a quick ratio of 13.70 and a debt-to-equity ratio of 19.16. The company has a 50-day moving average of $1.15 and a 200 day moving average of $1.27. The stock has a market cap of $26.97 million, a P/E ratio of -3.88 and a beta of 1.33. FlexShopper, Inc. has a 12-month low of $0.75 and a 12-month high of $2.47.

FlexShopper (NASDAQ:FPAY) last posted its quarterly earnings data on Monday, May 13th. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $33.95 million during the quarter, compared to analysts’ expectations of $29.30 million. FlexShopper had a negative net margin of 3.51% and a negative return on equity of 58.72%. On average, research analysts predict that FlexShopper, Inc. will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On FlexShopper

A hedge fund recently bought a new stake in FlexShopper stock. Heron Bay Capital Management bought a new stake in FlexShopper, Inc. (NASDAQ:FPAY) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned approximately 0.13% of FlexShopper as of its most recent filing with the SEC. 19.41% of the stock is currently owned by institutional investors.

About FlexShopper

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.