FlexShopper (NASDAQ:FPAY) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of FlexShopper (NASDAQ:FPAY) in a research report report published on Friday,Benzinga reports. The firm currently has a $2.50 target price on the financial services provider’s stock. HC Wainwright also issued estimates for FlexShopper’s Q4 2024 earnings at $0.02 EPS.

FlexShopper Price Performance

FlexShopper stock opened at $1.71 on Friday. The company has a quick ratio of 15.78, a current ratio of 15.78 and a debt-to-equity ratio of 28.90. FlexShopper has a 52-week low of $0.97 and a 52-week high of $1.95. The firm’s fifty day moving average is $1.22 and its 200 day moving average is $1.17. The company has a market cap of $36.70 million, a price-to-earnings ratio of -10.06 and a beta of 1.33.

Institutional Investors Weigh In On FlexShopper

Institutional investors have recently made changes to their positions in the company. Heron Bay Capital Management bought a new position in FlexShopper during the 1st quarter worth about $43,000. Insigneo Advisory Services LLC acquired a new stake in shares of FlexShopper in the second quarter worth $58,000. Renaissance Technologies LLC boosted its holdings in FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after buying an additional 50,847 shares in the last quarter. Finally, Waterfall Asset Management LLC purchased a new stake in FlexShopper in the 3rd quarter worth $1,678,000. 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.