FlexShopper (NASDAQ:FPAY) Given “Buy” Rating at HC Wainwright

FlexShopper (NASDAQ:FPAY)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $2.50 price objective on the financial services provider’s stock. HC Wainwright’s target price would indicate a potential upside of 58.23% from the stock’s current price.

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

FlexShopper Trading Up 10.5 %

NASDAQ:FPAY opened at $1.58 on Tuesday. 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 firm has a market capitalization of $33.91 million, a price-to-earnings ratio of -9.29 and a beta of 1.43. The business’s 50-day moving average price is $1.56 and its two-hundred day moving average price is $1.28. FlexShopper has a 1-year low of $0.97 and a 1-year high of $2.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FPAY. Insigneo Advisory Services LLC bought a new stake in FlexShopper in the 2nd quarter valued at $58,000. Renaissance Technologies LLC boosted its position in shares of FlexShopper by 30.0% during 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 period. Finally, Waterfall Asset Management LLC bought a new position in shares of FlexShopper during the third quarter worth about $1,678,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

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.