FlexShopper’s (FPAY) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of FlexShopper (NASDAQ:FPAY) in a report issued on Friday,Benzinga reports. They currently have 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 Stock Performance

Shares of FPAY opened at $1.53 on Friday. The company has a current ratio of 15.78, a quick ratio of 15.78 and a debt-to-equity ratio of 28.90. The firm has a market cap of $32.73 million, a PE ratio of -8.97 and a beta of 1.33. FlexShopper has a 12-month low of $0.97 and a 12-month high of $1.95. The company’s 50 day simple moving average is $1.21 and its 200-day simple moving average is $1.16.

Hedge Funds Weigh In On FlexShopper

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Insigneo Advisory Services LLC raised its stake in FlexShopper by 33.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 15,000 shares during the last quarter. Heron Bay Capital Management acquired a new position in shares of FlexShopper in the first quarter valued at approximately $43,000. Renaissance Technologies LLC raised its stake in shares of 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 purchasing an additional 50,847 shares during the last quarter. Finally, Waterfall Asset Management LLC acquired a new stake in shares of FlexShopper during the third quarter worth $1,678,000. 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.