WizzFinancial (LON:FIN) Announces Quarterly Earnings Results

WizzFinancial (LON:FIN) announced its quarterly earnings data on Thursday. The company reported GBX (1.92) earnings per share (EPS) for the quarter, Digital Look Earnings reports. WizzFinancial had a net margin of 2.75% and a return on equity of 11.58%. The business had revenue of GBX 1,243 million for the quarter.

WizzFinancial Stock Performance

WizzFinancial stock opened at GBX 8.73 on Thursday. The firm has a 50 day simple moving average of GBX 9.14 and a 200-day simple moving average of GBX 12.38. WizzFinancial has a 1-year low of GBX 7.85 and a 1-year high of GBX 34.98. The company has a debt-to-equity ratio of 89.79, a current ratio of 1.66 and a quick ratio of 1.02. The stock has a market cap of £6.15 million, a price-to-earnings ratio of 15.86 and a beta of 1.62.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of WizzFinancial in a research note on Thursday.

Insiders Place Their Bets

In other news, insider Simon Bullock purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was acquired at an average price of GBX 9 per share, with a total value of £4,500. Also, insider Andrew Richards purchased 58,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was purchased at an average cost of GBX 9 per share, with a total value of £5,220. Over the last 90 days, insiders have bought 497,000 shares of company stock worth $4,473,000 and have sold 721,921 shares worth $6,215,226. Corporate insiders own 16.28% of the company’s stock.

About WizzFinancial

WizzFinancial operates as a platform for B2B payments and foreign exchange solutions worldwide. It operates through three segments: Cross-Border Payments & Consumer Solutions, Consumer Foreign Exchange Solutions, and B2B & Payment Technology Solutions. The Cross-Border Payments & Consumer Solutions segment offers cross-border payments services through digital and physical channels. This segment also provides payroll processing, mobile wallet, bill payment, digital gifting, and consumer advance services.