Should I buy or sell Expensify stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Expensify in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EXFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXFY, but not buy additional shares or sell existing shares. View EXFY analyst ratings or view top-rated stocks .

What is Expensify's stock price target for 2024?

7 brokerages have issued twelve-month price objectives for Expensify's stock. Their EXFY share price targets range from $2.00 to $7.00. On average, they expect the company's share price to reach $4.20 in the next twelve months. This suggests a possible upside of 150.0% from the stock's current price. View analysts price targets for EXFY or view top-rated stocks among Wall Street analysts .

How have EXFY shares performed in 2024?

Expensify's stock was trading at $2.47 at the beginning of the year. Since then, EXFY shares have decreased by 32.0% and is now trading at $1.68. View the best growth stocks for 2024 here .

When is Expensify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our EXFY earnings forecast .

How were Expensify's earnings last quarter?

Expensify, Inc. (NASDAQ:EXFY) released its quarterly earnings data on Thursday, May, 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by $0.12. The business had revenue of $33.50 million for the quarter, compared to the consensus estimate of $35.56 million. Expensify had a negative net margin of 27.46% and a negative trailing twelve-month return on equity of 39.36%. The firm's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share.

When did Expensify IPO?

Expensify (EXFY) raised $234 million in an initial public offering on Wednesday, November 10th 2021. The company issued 9,730,776 shares at a price of $23.00-$25.00 per share.

Who are Expensify's major shareholders?

Expensify's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.74%), Baillie Gifford & Co. (1.54%), Jacobs Levy Equity Management Inc. (1.33%), Acadian Asset Management LLC (0.43%) and Quadrature Capital Ltd (0.05%). Insiders that own company stock include Anuradha Muralidharan, Daniel Vidal, David Michael Barrett, Jason Fahr Mills, Openview Management, Llc, Ryan Schaffer, Steven J Mclaughlin, Timothy L Christen and Ying Liu. View institutional ownership trends .

How do I buy shares of Expensify?

Shares of EXFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:EXFY

Expensify (EXFY) Stock Price, News & Analysis

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$1.68

-0.03 (-1.75%)

(As of 05/17/2024 ET)

Compare

Today's Range: $1.65
▼
$1.73
50-Day Range: $1.43
▼
$2.20
52-Week Range: $1.40
▼
$8.25

Volume: 268,340 shs
Average Volume: 526,752 shs
Market Capitalization: $120.56 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.20

Get Expensify alerts:

Expensify MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 150.0% Upside
$4.20 Price Target
Short Interest: Bearish
5.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.11
Based on 12 Articles This Week
Insider Trading: Acquiring Shares
$1.55 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.12) to $0.04 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.25 out of 5 stars

Business Services Sector

213th out of 317 stocks

Prepackaged Software Industry

145th out of 200 stocks

3.0

Analyst's Opinion

Consensus Rating
Expensify has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 3 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Expensify has only been the subject of 2 research reports in the past 90 days.
Read more about Expensify's stock forecast and price target.

1.0

Short Interest

Percentage of Shares Shorted
5.75% of the float of Expensify has been sold short.
Short Interest Ratio / Days to Cover
Expensify has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Expensify has recently increased by 16.44%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Expensify does not currently pay a dividend.
Dividend Growth
Expensify does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EXFY.

2.3

News and Social Media Coverage

News Sentiment
Expensify has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Expensify this week, compared to 3 articles on an average week.
Search Interest
5 people have searched for EXFY on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Expensify to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Expensify insiders have bought 19.60% more of their company's stock than they have sold. Specifically, they have bought $1,549,045.00 in company stock and sold $1,295,223.00 in company stock.
Percentage Held by Insiders
20.32% of the stock of Expensify is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
68.42% of the stock of Expensify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Expensify's insider trading history.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Expensify are expected to grow in the coming year, from ($0.12) to $0.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Expensify is -3.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Expensify is -3.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Expensify has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Expensify's valuation and earnings.

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About Expensify Stock (NASDAQ:EXFY)

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. It also offers track and submit plans for individuals. The company was founded in 2008 and is based in Portland, Oregon.

EXFY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EXFY Stock News Headlines

May 11, 2024 | insidertrades.com

David Michael Barrett Sells 15,180 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

May 4, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) Major Shareholder Steven J. Mclaughlin Purchases 11,972 Shares

May 3, 2024 | insidertrades.com

Steven J. Mclaughlin Purchases 418,446 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

May 1, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 12,437 Shares

April 30, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) Major Shareholder Steven J. Mclaughlin Buys 17,511 Shares

April 26, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 15,910 Shares

April 23, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,806.00 in Stock

April 20, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) Major Shareholder Steven J. Mclaughlin Buys 135,158 Shares of Stock

April 18, 2024 | insidertrades.com

Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,696.75 in Stock

May 13, 2024 | finance.yahoo.com

Expensify, Inc. (NASDAQ:EXFY) Q1 2024 Earnings Call Transcript

May 13, 2024 | pymnts.com

Expensify Adds Unlimited Virtual Cards to Spend Management Platform