Expensify (NASDAQ:EXFY) Issues Quarterly Earnings Results

Expensify (NASDAQ:EXFY) released its quarterly earnings data 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 Trading Up 1.6 %

Shares of Expensify stock traded up $0.05 during trading hours on Thursday, hitting $3.22. 804,097 shares of the company were exchanged, compared to its average volume of 343,089. The business has a 50-day moving average of $3.52 and a 200-day moving average of $2.83. Expensify has a 1 year low of $1.24 and a 1 year high of $4.13. The stock has a market capitalization of $248.44 million, a price-to-earnings ratio of -17.89 and a beta of 1.87.

Analyst Upgrades and Downgrades

EXFY has been the topic of several research reports. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th.

Insider Activity at Expensify

In other Expensify 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 value of $47,432.00. Following the completion of the sale, the chief operating officer now owns 4,614 shares of the company’s stock, valued at approximately $17,763.90. This trade represents a 72.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy L. Christen sold 18,273 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.59, for a total transaction of $65,600.07. Following the transaction, the director now directly owns 194,983 shares in the company, valued at approximately $699,988.97. This trade represents a 8.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 279,090 shares of company stock worth $981,364 in the last three months. Insiders own 17.33% of the company’s stock.

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.