In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on FlexShopper (FPAY – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $0.92.
Buck covers the Technology sector, focusing on stocks such as Elys Game Technology, Mitek Systems, and Yatra Online. According to TipRanks, Buck has an average return of -12.6% and a 34.32% success rate on recommended stocks.
FlexShopper has an analyst consensus of Moderate Buy, with a price target consensus of $2.00.
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Based on FlexShopper’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $22.47 million and a GAAP net loss of $5.3 million. In comparison, last year the company earned a revenue of $30.58 million and had a net profit of $14.39 million
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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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