FlexShopper (NASDAQ:FPAY) Earns Buy Rating from HC Wainwright

FlexShopper (NASDAQ:FPAY)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $2.50 price objective on the financial services provider’s stock. HC Wainwright’s price objective would indicate a potential upside of 51.52% from the company’s current price.

Separately, Maxim Group boosted their price target on shares of FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, November 15th.

FlexShopper Stock Up 4.4 %

FPAY stock opened at $1.65 on Tuesday. The stock has a market cap of $35.41 million, a P/E ratio of -9.71 and a beta of 1.43. The company has a current ratio of 7.98, a quick ratio of 7.98 and a debt-to-equity ratio of 19.65. The stock’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $1.29. FlexShopper has a 1-year low of $0.97 and a 1-year high of $2.19.

Hedge Funds Weigh In On FlexShopper

Several institutional investors have recently bought and sold shares of FPAY. Renaissance Technologies LLC increased its position in FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after buying an additional 50,847 shares during the last quarter. Insigneo Advisory Services LLC purchased a new stake in FlexShopper in the 2nd quarter worth about $58,000. Finally, Waterfall Asset Management LLC purchased a new stake in FlexShopper in the 3rd quarter worth about $1,678,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.

FlexShopper Company Profile

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.