FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Update

FlexShopper, Inc. (NASDAQ:FPAY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 3,000 shares, a growth of 25.0% from the May 31st total of 2,400 shares. Based on an average daily trading volume, of 62,600 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research note on Wednesday, May 15th.

Insider Buying and Selling

In related news, Director Howard Dvorkin purchased 64,054 shares of FlexShopper stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $1.12 per share, with a total value of $71,740.48. Following the completion of the transaction, the director now directly owns 4,390,299 shares of the company’s stock, valued at approximately $4,917,134.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 201,586 shares of company stock valued at $228,170 over the last 90 days. 36.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FlexShopper stock. Heron Bay Capital Management purchased a new stake in FlexShopper, Inc. (NASDAQ:FPAY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned about 0.13% of FlexShopper as of its most recent filing with the Securities and Exchange Commission. 19.41% of the stock is currently owned by institutional investors.

FlexShopper Price Performance

NASDAQ FPAY traded down $0.03 on Tuesday, hitting $1.24. 11,332 shares of the company’s stock were exchanged, compared to its average volume of 55,808. The stock has a 50-day moving average of $1.15 and a 200-day moving average of $1.27. The company has a current ratio of 13.70, a quick ratio of 13.70 and a debt-to-equity ratio of 19.16. FlexShopper has a 52 week low of $0.75 and a 52 week high of $2.47. The stock has a market cap of $26.97 million, a price-to-earnings ratio of -3.88 and a beta of 1.33.

FlexShopper (NASDAQ:FPAY) last released its earnings results on Monday, May 13th. The financial services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. The firm had revenue of $33.95 million during the quarter, compared to analysts’ expectations of $29.30 million. Analysts expect that FlexShopper will post -0.08 earnings per share for the current year.

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.