H.C. Wainwright analyst Scott Buck maintained a Buy rating on FlexShopper (FPAY) today and set a price target of $4.00. The company’s shares closed last Monday at $2.45.
According to TipRanks.com, Buck is ranked #407 out of 7499 analysts.
Currently, the analyst consensus on FlexShopper is a Strong Buy with an average price target of $5.00.
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Based on FlexShopper’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $28.14 million and GAAP net loss of $418.9K. In comparison, last year the company earned revenue of $22.46 million and had a GAAP net loss of $1 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FPAY in relation to earlier this year.
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FlexShopper, Inc. is a holding company, which engages in the provision of furniture, electronics, appliances and other popular brand name goods on lease through its subsidiaries. The company was founded by George F. Rubin, Morry F. Rubin, and Brad Mitchell Bernstein on August 16, 2006 and is headquartered in Boca Raton, FL.
