FlexShopper Inc (NASDAQ:FPAY) Given Consensus Rating of “Buy” by Brokerages

Shares of FlexShopper Inc (NASDAQ:FPAY) have been given a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.

Analysts have set a 1-year consensus price objective of $3.00 for the company, according to Zacks. Zacks has also given FlexShopper an industry rank of 54 out of 256 based on the ratings given to its competitors.

Shares of FlexShopper stock traded down $0.05 on Wednesday, hitting $1.75. 120,178 shares of the company traded hands, compared to its average volume of 273,214. The company’s 50-day simple moving average is $1.42. FlexShopper has a 12-month low of $0.66 and a 12-month high of $3.58.

FlexShopper (NASDAQ:FPAY) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $22.73 million for the quarter.

In other FlexShopper news, Director Howard Dvorkin bought 166,305 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $0.84 per share, for a total transaction of $139,696.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 259,524 shares of company stock worth $234,045. 28.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of FPAY. Perkins Capital Management Inc. grew its holdings in FlexShopper by 54.1% in the 1st quarter. Perkins Capital Management Inc. now owns 766,000 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 269,000 shares during the last quarter. Geode Capital Management LLC bought a new stake in FlexShopper in the 4th quarter worth $46,000. Finally, Virtu Financial LLC bought a new stake in shares of FlexShopper during the 1st quarter valued at about $47,000. Institutional investors own 8.15% of the company’s stock.

About FlexShopper

FlexShopper, Inc, through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. The company provides residential furniture, consumer electronics, computers, appliances, household accessories, and various other durable goods to consumers on a LTO basis to consumers of third-party retailers and e-tailers.

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