Maxim Group analyst Michael Diana reiterated a Buy rating on FlexShopper (FPAY – Research Report) yesterday. The company’s shares closed yesterday at $1.04.
According to TipRanks, Diana is a 5-star analyst with an average return of 12.5% and a 50.80% success rate. Diana covers the Financial sector, focusing on stocks such as Ellington Financial, Cullen/Frost Bankers, and First Savings Financial Group.
Currently, the analyst consensus on FlexShopper is a Moderate Buy with an average price target of $2.00, which is a 92.31% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.00 price target.
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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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