Expensify (NASDAQ:EXFY) Posts Earnings Results, Misses Estimates By $0.12 EPS

Expensify (NASDAQ:EXFY) issued its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12), Zacks reports. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%.

Expensify Price Performance

Shares of EXFY stock traded up $0.05 on Thursday, hitting $3.22. The stock had a trading volume of 816,420 shares, compared to its average volume of 343,429. The business has a 50 day moving average of $3.52 and a 200 day moving average of $2.83. Expensify has a 12-month low of $1.24 and a 12-month high of $4.13. The stock has a market cap of $248.44 million, a price-to-earnings ratio of -17.89 and a beta of 1.87.

Insider Buying and Selling

In other news, COO Anuradha Muralidharan sold 12,320 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $3.85, for a total transaction of $47,432.00. Following the completion of the sale, the chief operating officer now directly owns 4,614 shares of the company’s stock, valued at $17,763.90. This trade represents a 72.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Michael Barrett sold 31,781 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $3.43, for a total transaction of $109,008.83. Following the completion of the transaction, the chief executive officer now directly owns 1,947,372 shares in the company, valued at $6,679,485.96. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,090 shares of company stock worth $981,364. 17.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Expensify Company Profile

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.