HC Wainwright Has Negative View of FlexShopper Q4 Earnings

FlexShopper, Inc. (NASDAQ:FPAY) – Equities research analysts at HC Wainwright lowered their Q4 2024 earnings per share estimates for shares of FlexShopper in a report released on Friday, November 15th. HC Wainwright analyst S. Buck now forecasts that the financial services provider will earn $0.02 per share for the quarter, down from their previous estimate of $0.04. HC Wainwright has a “Buy” rating and a $2.50 price objective on the stock. The consensus estimate for FlexShopper’s current full-year earnings is ($0.12) per share.

Separately, Maxim Group raised their target price on FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

FlexShopper Trading Down 5.3 %

Shares of NASDAQ:FPAY opened at $1.62 on Monday. The business’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.17. FlexShopper has a 1 year low of $0.97 and a 1 year high of $1.95. The company has a debt-to-equity ratio of 28.90, a current ratio of 15.78 and a quick ratio of 15.78. The firm has a market capitalization of $34.77 million, a price-to-earnings ratio of -9.53 and a beta of 1.33.

Hedge Funds Weigh In On FlexShopper

Several hedge funds and other institutional investors have recently made changes to their positions in FPAY. Waterfall Asset Management LLC purchased a new position in shares of FlexShopper in the 3rd quarter valued at about $1,678,000. Renaissance Technologies LLC boosted its stake in shares of FlexShopper by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after buying an additional 50,847 shares during the period. Insigneo Advisory Services LLC purchased a new position in shares of FlexShopper in the 2nd quarter valued at about $58,000. Finally, Heron Bay Capital Management purchased a new position in shares of FlexShopper in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.

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.