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Maxim Group Sticks to Their Buy Rating for FlexShopper Inc

Investing.com
·1-min read


Maxim (NASDAQ:MXIM) Group analyst Michael Diana reiterated a Buy rating on FlexShopper (NASDAQ:FPAY) Inc on Saturday, setting a price target of $3.5, which is approximately 212.50% above the present share price of $1.12.

Diana expects FlexShopper Inc to post earnings per share (EPS) of -$0.09 for the second quarter of 2020.

The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in FlexShopper, with an average price target of $3.5.
The analysts price targets range from a high of $3.5 to a low of $3.5.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $22.46 million and a net profit of $717.50 thousand thousand. The company's market cap is $23.06 million.

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According to TipRanks.com, Maxim Group analyst Michael Diana 's ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.4% and a 44.0% success rate.

FlexShopper, Inc. is a holding company, which engages in the provision of furniture, electronics, appliances and other popular brand name goods on lease through its subsidiaries. The company was founded by George F. Rubin, Morry F. Rubin, and Brad Mitchell Bernstein on August 16, 2006 and is headquartered in Boca Raton, FL.