In a report released today, Brent Bracelin from Piper Sandler maintained a Hold rating on Expensify (EXFY – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $1.59.
According to TipRanks, Bracelin is a 4-star analyst with an average return of 3.5% and a 49.30% success rate. Bracelin covers the Technology sector, focusing on stocks such as Microsoft, HubSpot, and Alteryx.
In addition to Piper Sandler, Expensify also received a Hold from JMP Securities’s Aaron Kimson in a report issued today. However, yesterday, Lake Street assigned a Buy rating to Expensify (NASDAQ: EXFY).
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EXFY market cap is currently $130.6M and has a P/E ratio of -3.47.
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXFY in relation to earlier this year. Most recently, in December 2023, Anuradha Muralidharan, the COO of EXFY sold 3,243.00 shares for a total of $7,567.24.
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Expensify (EXFY) Company Description:
Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. More than 10 million people use Expensify’s free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.
Read More on EXFY:
- Expensify Updates Loan Terms and Engages Investors
- Expensify Simplifies Share Structure, Signals Strategic Shift
- Expensify price target lowered to $6 from $7 at Citi
- SHAREHOLDER ALERT: Potential Recovery for Expensify, Inc. (EXFY) Investors
- Expensify price target raised to $3 from $2 at Piper Sandler
