Expensify (EXFY) Scheduled to Post Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Persons interested in listening to the company's earnings conference call can do so using this link.

Expensify (NASDAQ:EXFY - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%. The company had revenue of $33.29 million during the quarter, compared to the consensus estimate of $35.69 million.

Expensify Price Performance

EXFY traded down $0.07 on Thursday, hitting $1.89. 349,835 shares of the stock were exchanged, compared to its average volume of 714,299. The firm has a market capitalization of $145.23 million, a price-to-earnings ratio of -5.12 and a beta of 1.52. Expensify has a 12 month low of $1.24 and a 12 month high of $2.92. The business has a 50-day moving average of $2.07 and a two-hundred day moving average of $1.84.

Insider Activity

In related news, CEO David Michael Barrett sold 12,801 shares of the business's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1.98, for a total transaction of $25,345.98. Following the sale, the chief executive officer now owns 3,235,904 shares in the company, valued at $6,407,089.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO David Michael Barrett sold 12,801 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1.98, for a total transaction of $25,345.98. Following the sale, the chief executive officer now directly owns 3,235,904 shares in the company, valued at approximately $6,407,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Anuradha Muralidharan sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $2.24, for a total transaction of $44,800.00. Following the completion of the transaction, the chief operating officer now owns 38,610 shares of the company's stock, valued at approximately $86,486.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 786,601 shares of company stock worth $1,793,539. Insiders own 17.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities upgraded Expensify from a "market perform" rating to an "outperform" rating and set a $2.50 target price on the stock in a research report on Friday, August 9th.

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.