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FlexShopper ( (FPAY) ) has issued an announcement.
On July 31, 2025, FlexShopper, through its subsidiary Flex Revolution LLC, entered into a Forbearance and Fourth Amendment to its Credit Agreement with BP Fundco, LLC. This amendment allows the company to delay the delivery of required financial statements and extends the draw period under the credit facility until August 30, 2025. Additionally, on the same date, the company’s Board of Directors suspended H. Russell Heiser Jr. as CEO and CFO, with John Davis assuming the role of principal executive officer.
The most recent analyst rating on (FPAY) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on FlexShopper stock, see the FPAY Stock Forecast page.
Spark’s Take on FPAY Stock
According to Spark, TipRanks’ AI Analyst, FPAY is a Neutral.
FlexShopper faces significant financial challenges with negative cash flow, high debt, and no profitability, resulting in a low valuation score. The technical analysis indicates bearish sentiment, further impacting the stock’s attractiveness. However, a recent credit agreement amendment is a positive step towards enhancing financial capacity.
To see Spark’s full report on FPAY stock, click here.
More about FlexShopper
Average Trading Volume: 66,233
Technical Sentiment Signal: Sell
Current Market Cap: $22.32M
See more insights into FPAY stock on TipRanks’ Stock Analysis page.