FlexShopperFPAY
FPAY
About: FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.
Employees: 204
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
11% more capital invested
Capital invested by funds: $3.17M [Q2] → $3.51M (+$333K) [Q3]
4.24% more ownership
Funds ownership: 11.52% [Q2] → 15.76% (+4.24%) [Q3]
10% less funds holding
Funds holding: 20 [Q2] → 18 (-2) [Q3]
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2.50
75%
upside
Avg. target
$3.25
127%
upside
High target
$4
180%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Maxim Group Michael Diana 50% 1-year accuracy 4 / 8 met price target | 180%upside $4 | Buy Maintained | 15 Nov 2024 |
HC Wainwright & Co. Scott Buck 53% 1-year accuracy 52 / 98 met price target | 75%upside $2.50 | Buy Reiterated | 15 Nov 2024 |
Financial journalist opinion
Based on 7 articles about FPAY published over the past 30 days
Neutral
GlobeNewsWire
5 days ago
FlexShopper Reminds Right Holders of Early Subscription Process Cutoff Dates
Important for Participating Right Holders to Contact Their Broker Prior to December 18th Important for Participating Right Holders to Contact Their Broker Prior to December 18th
Neutral
PRNewsWire
5 days ago
Argus Research Initiates Equity Research Report Coverage on FlexShopper, Inc. (NasdaqCM:FPAY)
NEW YORK , Dec. 16, 2024 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on FlexShopper, Inc. (NasdaqCM:FPAY) . Click Here to view full Argus Equity Research Report.
Neutral
GlobeNewsWire
5 days ago
FlexShopper Partners with Tire Agent to Expand Tire Shopping Options for Near-Prime Credit Consumers
BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- FlexShopper (NASDAQ: FPAY), a leading provider of lease-to-own payment solutions, is pleased to announce a new partnership with Tire Agent. Tire Agent currently originates over $100 million in lease-to-own transactions annually and is a two-time honoree on the Inc. 5000 list of the fastest-growing companies in 2023 and 2024. This new collaboration integrates FlexShopper's payment solutions directly onto Tire Agent's website and establishes Tire Agent as the preferred online tire retailer on the FlexShopper marketplace. The partnership also launches flexshopper.tireagent.com as the combination of Tire Agent's top-tier tire and wheel inventory with FlexShopper's flexible payment options.
Positive
Zacks Investment Research
2 weeks ago
Here Is Why Bargain Hunters Would Love Fast-paced Mover FlexShopper (FPAY)
FlexShopper (FPAY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Neutral
GlobeNewsWire
2 weeks ago
FlexShopper Forms Exclusive Lease-to-Own Partnership with United Wheels and Its Portfolio of Bicycle Brands, Including Huffy
BOCA RATON, Fla., Dec. 04, 2024 (GLOBE NEWSWIRE) -- FlexShopper Inc. (Nasdaq: FPAY), a leading national lease-to-own (LTO) retailer and payment solutions provider, is excited to announce an exclusive strategic partnership with United Wheels Inc., a global holding company for a portfolio of outdoor brands, including Huffy, Niner Bikes, Batch Bicycles, VAAST Bikes, and Buzz E-Bikes.
Neutral
GlobeNewsWire
3 weeks ago
FlexShopper Announces Record Date for Proposed Rights Offering
BOCA RATON, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (the “Corporation”) announced today the tentative calendar for its previously proposed rights offering (“Rights Offering”). The Corporation is planning to commence the Rights Offering to raise capital to equitize its balance sheet through funding the repurchase of over 90% of its Series 2 Convertible Preferred Stock, by repaying a portion of its credit facility and other outstanding debt facilities, and for other corporate purposes including potential acquisitions of other companies.
Positive
Seeking Alpha
3 weeks ago
FlexShopper: Unpacking The Potential Of Rights Offering
FlexShopper is undergoing a capital structure transformation, aiming to repurchase preferred stock at a discount through a complex rights offering to benefit common shareholders. FPAY trades at around 6x EV/EBITDA, with potential upside if it can reduce high-cost debt and improve cash generation. The rights offering could raise $25M-$100M, significantly improving FlexShopper's balance sheet and allowing for better debt terms and lower interest expenses.
Neutral
Seeking Alpha
1 month ago
FlexShopper, Inc. (FPAY) Q3 2024 Earnings Call Transcript
FlexShopper, Inc. (NASDAQ:FPAY ) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Andrew Berger - Investor Relations Russ Heiser - Chief Executive Officer John Davis - Chief Operating Officer Conference Call Participants Scott Buck - H.C. Wainwright Michael Diana - Maxim Group Steve Silver - Argus Research Operator Ladies and gentlemen, good morning, and welcome to the FlexShopper, Inc. Third Quarter Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
FlexShopper Inc. (FPAY) Q3 Earnings and Revenues Beat Estimates
FlexShopper Inc. (FPAY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.01 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
FlexShopper, Inc. Schedules 2024 Third Quarter Financial Results Conference Call
BOCA RATON, Fla., Nov. 11, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its third quarter ended September 30, 2024, after the market closes on Wednesday, November 13, 2024. The Company intends to hold a conference call to discuss those results the next day, November 14, at 8:30 a.m. Eastern Time.
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