Expensify (EXFY) Projected to Post Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY) is expected to issue its Q1 2025 quarterly earnings data 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 Stock Performance

Shares of NASDAQ:EXFY opened at $2.92 on Tuesday. The company has a market capitalization of $234.70 million, a PE ratio of -16.22 and a beta of 1.86. Expensify has a 52 week low of $1.24 and a 52 week high of $4.13. The company’s fifty day moving average is $3.09 and its 200-day moving average is $3.16.

Expensify declared that its board has initiated a stock repurchase program on Thursday, February 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 20.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Daniel Vidal sold 9,000 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $3.15, for a total value of $28,350.00. Following the sale, the director now owns 232,428 shares of the company’s stock, valued at $732,148.20. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Michael Barrett sold 45,643 shares of Expensify stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $3.68, for a total value of $167,966.24. Following the completion of the transaction, the chief executive officer now directly owns 2,026,590 shares of the company’s stock, valued at approximately $7,457,851.20. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,921 shares of company stock valued at $886,854. 17.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lifted their target price on shares of Expensify from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, February 28th.

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.