FlexShopper’s (FPAY) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of FlexShopper (NASDAQ:FPAY) in a report issued on Tuesday,Benzinga reports. HC Wainwright currently has a $2.50 price objective on the financial services provider’s stock.

Separately, Maxim Group raised their price objective on FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

FlexShopper Stock Performance

Shares of NASDAQ:FPAY opened at $1.54 on Tuesday. FlexShopper has a 12-month low of $0.97 and a 12-month high of $2.19. The company’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.30. The firm has a market cap of $33.05 million, a PE ratio of -9.06 and a beta of 1.43. The company has a quick ratio of 7.98, a current ratio of 7.98 and a debt-to-equity ratio of 19.65.

Hedge Funds Weigh In On FlexShopper

Several hedge funds have recently bought and sold shares of the company. Insigneo Advisory Services LLC acquired a new stake in shares of FlexShopper during the 2nd quarter worth approximately $58,000. Renaissance Technologies LLC lifted its stake in FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 50,847 shares during the last quarter. Finally, Waterfall Asset Management LLC acquired a new stake in shares of FlexShopper in the 3rd quarter valued at $1,678,000. 19.41% of the stock is owned by institutional investors.

FlexShopper Company Profile

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.