FlexShopper, Inc. (NASDAQ:FPAY – Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.53 and traded as low as $1.43. FlexShopper shares last traded at $1.52, with a volume of 50,373 shares trading hands.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “buy” rating and issued a $2.50 price objective on shares of FlexShopper in a report on Tuesday, December 24th.
Get Our Latest Research Report on FlexShopper
FlexShopper Stock Performance
Insider Activity
In other FlexShopper news, CEO Harold Russell Jr. Heiser bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $1.45 per share, with a total value of $43,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 969,874 shares of the company’s stock, valued at $1,406,317.30. This represents a 3.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 30.20% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FPAY. Traphagen Investment Advisors LLC acquired a new position in shares of FlexShopper in the 4th quarter valued at $30,000. Virtu Financial LLC acquired a new position in FlexShopper in the fourth quarter valued at $30,000. Heron Bay Capital Management acquired a new position in FlexShopper in the fourth quarter valued at $56,000. Insigneo Advisory Services LLC grew its holdings in shares of FlexShopper by 33.3% during the third quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of FlexShopper during the fourth quarter worth about $109,000. Hedge funds and other institutional investors 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.
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