Expensify (EXFY) to Release Quarterly Earnings on Thursday
Expensify (NASDAQ:EXFY) is set to release its Q1 2025 earnings on May 8, with analysts predicting earnings of $0.06 per share and revenue of $36.41 million. The stock is currently trading at $2.96, down 0.7%, with a 12-month range of $1.24 to $4.13. The company has initiated a $50 million stock repurchase plan, indicating potential undervaluation. Recent insider transactions include CEO David Barrett selling 22,873 shares and Director Daniel Vidal selling 9,000 shares. Expensify has a market cap of $237.91 million and a P/E ratio of -16.44.
Expensify (NASDAQ:EXFY - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect Expensify to post earnings of $0.06 per share and revenue of $36.41 million for the quarter.
Expensify Trading Down 0.7 %
- Will Expensify Get Even Cheaper To Buy?
Shares of NASDAQ EXFY opened at $2.96 on Thursday. Expensify has a 12-month low of $1.24 and a 12-month high of $4.13. The stock has a market cap of $237.91 million, a P/E ratio of -16.44 and a beta of 1.87. The business's fifty day simple moving average is $3.10 and its 200-day simple moving average is $3.12.
Expensify declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 20.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital increased their target price on Expensify from $3.00 to $5.00 and gave the company a "buy" rating in a report on Friday, February 28th.
Read Our Latest Stock Report on EXFY
Insider Transactions at Expensify
In other news, CEO David Michael Barrett sold 22,873 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $2.84, for a total value of $64,959.32. Following the completion of the sale, the chief executive officer now directly owns 1,588,480 shares of the company's stock, valued at approximately $4,511,283.20. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Vidal sold 9,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $3.15, for a total value of $28,350.00. Following the completion of the sale, the director now directly owns 232,428 shares of the company's stock, valued at approximately $732,148.20. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 280,921 shares of company stock worth $886,854. 17.33% of the stock is currently owned by insiders.
Expensify Company Profile
(Get Free Report)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.
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