FlexShopper (NASDAQ:FPAY) Earns “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of FlexShopper (NASDAQ:FPAY) in a research note released on Friday morning,Benzinga reports. They currently have a $2.50 price objective on the financial services provider’s stock. HC Wainwright also issued estimates for FlexShopper’s Q4 2024 earnings at $0.02 EPS.

FlexShopper Trading Up 12.1 %

Shares of FlexShopper stock opened at $1.71 on Friday. FlexShopper has a 1 year low of $0.97 and a 1 year high of $1.95. The company has a market capitalization of $36.70 million, a P/E ratio of -10.06 and a beta of 1.33. The business has a 50 day moving average price of $1.22 and a 200 day moving average price of $1.17. The company has a debt-to-equity ratio of 28.90, a current ratio of 15.78 and a quick ratio of 15.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FPAY. Waterfall Asset Management LLC acquired a new position in FlexShopper in the third quarter valued at $1,678,000. Renaissance Technologies LLC lifted its holdings 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 worth $282,000 after acquiring an additional 50,847 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of FlexShopper by 33.3% in the third quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in FlexShopper in the first quarter valued at approximately $43,000. 19.41% of the stock is currently owned by institutional investors and hedge funds.

FlexShopper Company Profile

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.