FlexShopper (NASDAQ:FPAY – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $2.50 price objective on the financial services provider’s stock. HC Wainwright’s price objective suggests a potential upside of 63.93% from the stock’s current price. HC Wainwright also issued estimates for FlexShopper’s Q4 2024 earnings at $0.02 EPS.
FlexShopper Trading Up 5.2 %
NASDAQ FPAY opened at $1.53 on Friday. The stock has a market capitalization of $32.73 million, a price-to-earnings ratio of -6.63 and a beta of 1.33. The business’s fifty day moving average is $1.21 and its 200-day moving average is $1.16. The company has a debt-to-equity ratio of 28.90, a current ratio of 15.78 and a quick ratio of 15.78. FlexShopper has a one year low of $0.97 and a one year high of $1.95.
Hedge Funds Weigh In On FlexShopper
Institutional investors have recently bought and sold shares of the company. Insigneo Advisory Services LLC bought a new stake in shares of FlexShopper in the second quarter valued at $58,000. Renaissance Technologies LLC grew its stake in shares of FlexShopper by 30.0% during the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 50,847 shares during the period. Waterfall Asset Management LLC purchased a new stake in FlexShopper in the 3rd quarter worth about $1,678,000. Finally, Heron Bay Capital Management bought a new stake in FlexShopper in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.
About FlexShopper
FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.
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