Expensify (EXFY) will announce its quarterly results on Thursday

Expensify (NASDAQ:EXFY – Get Free Report) will release its quarterly results after the market closes on Thursday, May 9. Analysts expect Expensify to post earnings of $0.08 per share for the quarter. Individuals interested in participating in the company’s earnings conference call can do so via this link.

Expensify (NASDAQ:EXFY – Get Free Report) last reported its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) ($0.06). The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The company’s quarterly revenue fell 19.1% compared to the same quarter last year. During the same quarter of the previous year, the company earned ($0.04) earnings per share. On average, analysts expect Expensify to post earnings per share of $0 for the current fiscal year and earnings of $0 for the next fiscal year.

Make price performance more expensive

Shares of EXFY stock opened at $1.79 on Wednesday. The company’s 50-day simple moving average is $1.79 and its two-hundred-day simple moving average is $2.03. Expensify has a one-year low of $1.40 and a one-year high of $8.25. The company has a market cap of $126.34 million, a price-to-earnings ratio of -3.51, and a beta of 1.48.

Wall Street analysts predict growth

A number of stock analysts have weighed in on the company. Piper Sandler lowered their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Citigroup lowered their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the company in a research note on Tuesday, April 23. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.93.

Check out our latest report on Expensify

Buy and sell with insider knowledge at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 20,000 shares in a transaction dated Wednesday, March 13. The shares sold at an average price of $2.15, for a total transaction of $43,000.00. Following the completion of the sale, the Chief Operating Officer now directly owns 57,080 shares of the company’s stock, valued at $122,722. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. In other Expensify news, major shareholder Steven J. Mclaughlin purchased 182,941 shares of Expensify stock in a transaction that took place on Thursday, February 22. The shares were purchased at an average cost of $1.59 per share, for a total value of $290,876.19. Following the transaction, the insider now directly owns 8,529,695 shares of the company’s stock, valued at approximately $13,562,215.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, COO Anuradha Muralidharan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 13. The shares sold at an average price of $2.15, for a total value of $43,000.00. Following the completion of the sale, the Chief Operating Officer now directly owns 57,080 shares of the company’s stock, valued at approximately $122,722. The explanation of this sale can be found here. In the last quarter, insiders bought 1,014,740 company shares worth $1,549,045 and sold 650,954 shares worth $1,170,162. 20.32% of the shares are owned by insiders.

About Expensify

(Get a free report)

Expensify, Inc provides a cloud-based expense management software platform to individuals and businesses, small and medium businesses, and enterprises in the United States and internationally. The company’s platform allows users to manage corporate cards, pay bills, generate invoices, collect payments and book travel.

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