HC Wainwright Reiterates “Buy” Rating for FlexShopper (NASDAQ:FPAY)

HC Wainwright reiterated their buy rating on shares of FlexShopper (NASDAQ:FPAY) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $2.50 target price on the financial services provider’s stock.

Separately, Maxim Group lifted their price objective on FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

FlexShopper Stock Up 4.4 %

FPAY opened at $1.65 on Tuesday. FlexShopper has a twelve month low of $0.97 and a twelve month high of $2.19. The firm has a market cap of $35.41 million, a price-to-earnings ratio of -9.71 and a beta of 1.43. The firm’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.29. The company has a debt-to-equity ratio of 19.65, a quick ratio of 7.98 and a current ratio of 7.98.

Institutional Investors Weigh In On FlexShopper

Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in shares of FlexShopper by 30.0% during the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 50,847 shares during the last quarter. Insigneo Advisory Services LLC acquired a new position in FlexShopper in the second quarter valued at about $58,000. Finally, Waterfall Asset Management LLC bought a new position in FlexShopper during the third quarter worth about $1,678,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

About FlexShopper

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.