Expensify (NASDAQ:EXFY) Rating Lowered to “Sell” at Wall Street Zen

Expensify (NASDAQ:EXFY) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Expensify in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.50.

Expensify Trading Up 0.2%

Shares of EXFY opened at $0.96 on Friday. Expensify has a 1-year low of $0.89 and a 1-year high of $3.78. The company has a market cap of $77.83 million, a price-to-earnings ratio of -4.01 and a beta of 1.74. The company’s fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.57.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.13). The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $35.50 million. Expensify had a negative return on equity of 16.00% and a negative net margin of 15.05%.

Insider Buying and Selling

In other Expensify news, CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $1.45, for a total transaction of $43,500.00. Following the transaction, the chief executive officer owned 1,318,480 shares in the company, valued at $1,911,796. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 110,393 shares of company stock worth $165,459. 17.33% of the stock is owned by company insiders.

Institutional Trading of Expensify

Several large investors have recently modified their holdings of EXFY. Abel Hall LLC bought a new position in shares of Expensify in the fourth quarter worth $25,000. SG Americas Securities LLC bought a new stake in Expensify during the fourth quarter worth about $27,000. Savant Capital LLC bought a new stake in Expensify during the third quarter worth about $30,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Expensify during the second quarter worth about $32,000. Finally, ProShare Advisors LLC acquired a new stake in Expensify during the second quarter worth about $32,000. 68.42% of the stock is owned by institutional investors and hedge funds.

Expensify Company Profile

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.