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Expensify (EXFY) Receives a Buy from BMO Capital

In a report released today, Daniel Jester from BMO Capital maintained a Buy rating on Expensify (EXFYResearch Report), with a price target of $26.00. The company’s shares closed yesterday at $19.56.

According to TipRanks, Jester is a 4-star analyst with an average return of 13.9% and a 55.93% success rate. Jester covers the Technology sector, focusing on stocks such as Avalara, Vertex, and Intuit.

Currently, the analyst consensus on Expensify is a Strong Buy with an average price target of $26.00, representing a 32.92% upside. In a report released on August 12, JMP Securities also maintained a Buy rating on the stock with a $26.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

EXFY market cap is currently $1.6B and has a P/E ratio of -36.32.

Based on the recent corporate insider activity of 38 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 EXFY in relation to earlier this year. Earlier this month, Vidal Daniel, a Director at EXFY bought 13,500.00 shares for a total of $13,095.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. More than 10 million people use Expensify’s free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

Read More on EXFY:

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