Expensify (EXFY) Scheduled to Post Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The business had revenue of $33.50 million during the quarter, compared to the consensus estimate of $35.56 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was down 16.5% on a year-over-year basis.

Expensify Stock Performance

Shares of EXFY opened at $1.52 on Wednesday. The company’s fifty day moving average is $1.65 and its 200 day moving average is $1.72. Expensify has a fifty-two week low of $1.24 and a fifty-two week high of $6.20. The stock has a market capitalization of $131.47 million, a PE ratio of -3.17 and a beta of 1.48.

Insider Activity

In other news, CEO David Michael Barrett sold 14,530 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $1.73, for a total transaction of $25,136.90. Following the completion of the sale, the chief executive officer now directly owns 906,249 shares of the company’s stock, valued at $1,567,810.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expensify news, Director Timothy L. Christen acquired 19,162 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average cost of $1.61 per share, with a total value of $30,850.82. Following the completion of the purchase, the director now directly owns 122,604 shares in the company, valued at $197,392.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Michael Barrett sold 14,530 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $1.73, for a total transaction of $25,136.90. Following the completion of the sale, the chief executive officer now directly owns 906,249 shares of the company’s stock, valued at $1,567,810.77. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 226,960 shares of company stock valued at $326,906 and sold 621,948 shares valued at $1,041,589. Insiders own 17.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXFY. JMP Securities reiterated a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Citigroup cut their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Expensify has an average rating of “Hold” and a consensus price target of $4.20.

About Expensify

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.