Expensify (NASDAQ:EXFY) Issues Earnings Results, Misses Expectations By $0.12 EPS

Expensify (NASDAQ:EXFY) posted its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12), Zacks reports. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%.

Expensify Price Performance

EXFY stock traded up $0.05 on Thursday, hitting $3.22. 804,097 shares of the company were exchanged, compared to its average volume of 343,089. The stock has a market capitalization of $248.44 million, a price-to-earnings ratio of -17.89 and a beta of 1.87. The business’s fifty day moving average is $3.52 and its two-hundred day moving average is $2.83. Expensify has a twelve month low of $1.24 and a twelve month high of $4.13.

Insider Activity

In related news, COO Anuradha Muralidharan sold 12,320 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $3.85, for a total transaction of $47,432.00. Following the transaction, the chief operating officer now directly owns 4,614 shares of the company’s stock, valued at approximately $17,763.90. The trade was a 72.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Michael Barrett sold 13,272 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.84, for a total transaction of $50,964.48. Following the completion of the sale, the chief executive officer now directly owns 1,207,675 shares of the company’s stock, valued at $4,637,472. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 279,090 shares of company stock valued at $981,364 in the last ninety days. Company insiders own 17.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXFY shares. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup lifted their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th.

Expensify Company Profile

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.