Maxim Group analyst Michael Diana reiterated a Buy rating on FlexShopper (FPAY – Research Report) yesterday and set a price target of $2.50. The company’s shares closed yesterday at $1.85.
Diana covers the Financial sector, focusing on stocks such as Ellington Financial, FlexShopper, and AGNC Investment. According to TipRanks, Diana has an average return of 12.6% and a 48.92% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FlexShopper with a $3.25 average price target, representing a 75.68% upside. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.00 price target.
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FPAY market cap is currently $39.97M and has a P/E ratio of 4.42.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FPAY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
FlexShopper, Inc. is a holding company, which engages in the provision of furniture, electronics, appliances and other popular brand name goods on lease through its subsidiaries. The company was founded by George F. Rubin, Morry F. Rubin, and Brad Mitchell Bernstein on August 16, 2006 and is headquartered in Boca Raton, FL.
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