H.C. Wainwright analyst Scott Buck reiterated a Buy rating on FlexShopper (FPAY – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.50.
According to TipRanks, Buck is an analyst with an average return of -9.9% and a 32.03% success rate. Buck covers the Technology sector, focusing on stocks such as NexTech AR Solutions, Enthusiast Gaming Holdings, and Leaf Mobile Inc.
FlexShopper has an analyst consensus of Strong Buy, with a price target consensus of $4.50.
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Based on FlexShopper’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $36.55 million and a net profit of $14.39 million. In comparison, last year the company earned a revenue of $30.69 million and had a net profit of $942.19 thousand
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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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