FlexShopper (NASDAQ:FPAY) Announces Earnings Results

FlexShopper (NASDAQ:FPAY) issued its quarterly earnings results on Tuesday. The financial services provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02, Zacks reports. The business had revenue of $31.76 million during the quarter, compared to analysts’ expectations of $31.00 million. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%.

FlexShopper Price Performance

Shares of NASDAQ FPAY traded down $0.01 during mid-day trading on Friday, reaching $1.05. The company’s stock had a trading volume of 730 shares, compared to its average volume of 48,936. The firm has a market capitalization of $22.84 million, a PE ratio of -3.19 and a beta of 1.33. The company has a debt-to-equity ratio of 19.16, a current ratio of 13.70 and a quick ratio of 13.70. The stock has a fifty day moving average of $1.16 and a two-hundred day moving average of $1.18. FlexShopper has a 52 week low of $0.75 and a 52 week high of $1.95.

Wall Street Analysts Forecast Growth

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

Insider Transactions at FlexShopper

In other news, Director Howard Dvorkin purchased 64,054 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $1.12 per share, with a total value of $71,740.48. Following the completion of the purchase, the director now owns 4,390,299 shares in the company, valued at $4,917,134.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 211,386 shares of company stock valued at $240,518 over the last 90 days. Company insiders own 36.70% of the company’s stock.

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.