PIXY - ShiftPixy, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
15.50
-0.06 (-0.39%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close15.56
Open15.35
Bid14.50 x 1000
Ask15.95 x 800
Day's Range14.54 - 16.08
52 Week Range7.03 - 73.60
Volume15,476
Avg. Volume47,204
Market Cap14.18M
Beta (5Y Monthly)1.27
PE Ratio (TTM)N/A
EPS (TTM)-22.90
Earnings DateDec 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Zacks Small Cap Research

    PIXY: ShiftPixy Reassigns 60% of its Customer Revenues to Raise $19 Million and Focus On Restaurants

    By Lisa Thompson NASDAQ:PIXY READ THE FULL PIXY RESEARCH REPORT Last night, ShiftPixy (NASDAQ:PIXY) announced it has sold off its PEO business, which was 60% of its revenue base to Vensure Employer Services of Duluth, Georgia for approximately $19 million in cash. This not only raises desperately needed cash, it hits the reset button for the company to strategically focus on its higher margin,

  • MarketWatch

    ShiftPixy's stock more than doubles after $20 million contract closing expected to 'fully fund' operations

    Shares of ShiftPixy Inc. more than doubled (up 148%) in active trading early Wednesday, enough to pace all Nasdaq-listed advancers, after the staffing services company announced the completion of a recapitalization and the closing of a contract assignment. The company said 60% of its contracted book of business was assigned for $20 million, with the proceeds expected to "fully fund operations through to cash-flow breakeven," which it expects to achieve by mid-2020. "We decided to monetize a portion of our business that is not critical to our HRIS platform growth initiatives or has limited 'upsell' opportunities, yet still carries excellent value for other operators," said Chief Executive Scott Absher. The stock, which was underwent a 1-for-40 reverse stock split in December, has still tumbled 70% over the past 12 months, while the S&P 500 has rallied 26%.

  • Benzinga

    Benzinga Pro's Top 5 Stocks To Watch For Wed., Jan. 8, 2020: GDX, BA, CVS, LK, PIXY

    Benzinga Pro's Stocks To Watch For Wednesday VanEck Gold Miners ETF (GDX)  - This ETF, which tracks the price action of gold mining-related assets, saw extreme volatility over Tuesday evening and Wednesday ...

  • GlobeNewswire

    ShiftPixy Completes Recapitalization

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary HRIS platform that facilitates employment in the rapidly growing Gig Economy, today announced the assignment of 60% of its contracted book of business for $20 million. The Company expects proceeds to fully fund operations through to cash flow breakeven, including the ongoing successful development of its next-gen workforce platform, and to further fulfill its growth initiatives. Given the Company’s early calendar year 2020 business outlook, its accelerating growth profile, and an enhanced focus on its most profitable customers resulting from the assignment, ShiftPixy expects to quickly replace the revenue stream and achieve cash flow breakeven by mid calendar year 2020.

  • PIXY: ShiftPixy Reports Continued High Growth and Is Making Progress Toward Problem Resolution
    Zacks Small Cap Research

    PIXY: ShiftPixy Reports Continued High Growth and Is Making Progress Toward Problem Resolution

    By Lisa Thompson NASDAQ:PIXY READ THE FULL PIXY RESEARCH REPORT Trading at an enterprise value of $9 million, with a revenue run rate of $62 million and annual results that showed 53% growth, ShiftPixy (NASDAQ:PIXY) certainly deserves a second look. With a new year and a new CFO, the company has put behind it a few of its missteps and has a plan to fix the rest. Clearly investors have been wary

  • GlobeNewswire

    CORRECTION: ShiftPixy, Inc. Reports Fiscal 2019 Results

    IRVINE, Calif., Dec. 18, 2019 --  In the release distributed Friday, December 13, 2019 by ShiftPixy, Inc., we were informed the first bullet of the press release in '2019.

  • GlobeNewswire

    ShiftPixy, Inc. Reports Fiscal 2019 Results

    IRVINE, Calif., Dec. 13, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary.

  • One Thing To Remember About The ShiftPixy, Inc. (NASDAQ:PIXY) Share Price
    Simply Wall St.

    One Thing To Remember About The ShiftPixy, Inc. (NASDAQ:PIXY) Share Price

    If you own shares in ShiftPixy, Inc. (NASDAQ:PIXY) then it's worth thinking about how it contributes to the volatility...

  • Lyft’s Guidance Hike Is Not a Reason to Buy Lyft Stock
    InvestorPlace

    Lyft’s Guidance Hike Is Not a Reason to Buy Lyft Stock

    Lyft's (NASDAQ:LYFT) Q2 results, reported on Aug. 7, were better than expected. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven better than the revenue beat was the company's increased full-year guidance. Lyft stock price initially jumped on the news, then gave up all of its gains as the stock market retreated amid trade-war worries. . While it's great to see the company's outlook is improving, I don't believe that's a reason to buy Lyft stock. Here's why. Investing Is About RetirementMost people invest to fund their retirements. As a result, investors should ensure that their capital is protected as much as possible. Buying stocks is not as much about hitting a home run as it is about getting a bunch of singles over a long period. * 7 Large-Cap Stocks to Sell Right Now Take Lyft stock. It went public on March 28 at $72 per share and gained 8.7% in its first day of trading. Since then, Lyft stock price has lost all of its first-day gains and then some. Down 18% since its IPO, Lyft stock needs more good news like its raised full-year outlook if it's going to make a comeback to $72. However, that shouldn't matter to those investing for their retirements. They ought to be more concerned about Lyft stock price dropping further. As long as LYFT still doesn't have a pathway to GAAP profitability, I can't recommend Lyft stock in good conscience. LYFT Has Got to Have a Shot at ProfitabilityIn April, I compared Lyft to ShiftPixy (NASDAQ:PIXY), a company that operates a platform for hiring and scheduling shift work. It brings shift workers and employers together to do business. Like LYFT, PIXY doesn't make money, but could soon. That's why I suggested that, as speculative plays go, ShiftPixy is a better opportunity than Lyft. Since then, PIXY has lost more than half its value. While Lyft has an $18 billion market cap and is a massive company relative to ShiftPixy, they both have one thing in common: They lose a lot of money. And companies that lose money are for speculators, not investors. In Lyft's Q2, it had revenue of $867.3 million and an adjusted net loss of $197.3 million. That means for every dollar of sales, Lyft lost 23 cents. By comparison, ShiftPixy had $14.3 million in revenue last quarter and a net loss of $5 million, which means it lost 35 cents for every dollar of sales it generated in the quarter. Both companies' numbers are terrible, but at least the owners of ShiftPixy stock know they're dealing with a speculative investment. Average retail investors who don't know any better see Lyft's 72% year-over-year increase in revenue in Q2, along with the 41% YoY increase in its number of active riders, and assume that, given time, LYFT will make a profit. The truth is it might never make a profit, despite its recent good news.In fiscal 2019, Lyft expects to generate revenue of at least $3.47 billion with an adjusted EBITDA loss of $850 million to $875 million. In 2018, Lyft's EBITDA's loss was around $850 million. Do you really want to own stock in a company that's losing close to $1 billion annually? I sure don't. The Bottom Line on Lyft StockOn Aug. 19, the lock-up period will end on about 257.6 million shares of Lyft stock owned by company insiders, directors and officers. As those insiders look to sell some of their shares, the Lyft stock price could take a hit. However, because Lyft stock is trading well below its IPO price, it's unlikely that the earlier-than-expected end of the lock-up period will result in a mass exodus of pre-IPO investors.But while the company's improved outlook is a good morale booster for its employees, the reality is that the guidance hike is not a reason to buy Lyft stock. In my opinion, investors should only buy Lyft stock if the company demonstrates that it has a pathway to profitability. At the moment, such a path doesn't exist.If you're looking to bet on a money loser, Roku (NASDAQ:ROKU) is a much smarter bet. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post Lyft's Guidance Hike Is Not a Reason to Buy Lyft Stock appeared first on InvestorPlace.

  • GlobeNewswire

    ShiftPixy Appoints Domonic J. Carney as Chief Financial Officer

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the hiring of Domonic “DJ” Carney as chief financial officer, replacing Patrice Launay who is leaving the company. A seasoned executive and CPA, Mr. Carney brings to ShiftPixy more than 25 years of experience in finance, accounting and operations, with particular expertise in strategic planning, SEC reporting, cash flow management and P&L responsibility.  Over the course of his impressive career, since serving as senior auditor at Deloitte & Touche in the early 1990s, he has twice served as Chief Financial Officer and has worked with an impressive group of public and private companies, from large corporations to high-growth startups spanning the high technology, contract manufacturing, advanced materials, and energy sectors.  Mr. Carney holds a Bachelor of Arts degree in Economics from Dartmouth College and a Masters in Accounting from Northeastern University.

  • Zacks Small Cap Research

    PIXY: ShiftPixy Still Showing High Growth and Improving Margins in Q3 FY2019

    While toxic financing has knock down the stock price, ShiftPixy (PIXY) still reported a solid quarter amidst all the drama from the recent convertible note transaction. For the first time ShiftPixy beat our gross billings number, coming in at $94.2 million compared with $60.2 million in FYQ3 2018, up 57%. Incredibly despite this performance, the company is trading at $14 million enterprise value despite being at a $57 million revenue run rate with improving margins and growth over 50%.

  • Benzinga

    ShiftPixy Falls After Q3 Earnings Miss

    ShiftPixy (NASDAQ: PIXY ) shares fell after the company reported third-quarter losses of 15 cents per share, which missed the analyst consensus estimate for a loss of 8 cents. The company reported quarterly ...

  • GlobeNewswire

    ShiftPixy, Inc. Reports Fiscal 2019 Third Quarter Results

    IRVINE, Calif., July 22, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary.

  • GlobeNewswire

    ShiftPixy to Announce Fiscal Third Quarter 2019 Results

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, will release its fiscal third quarter 2019 earnings results before the market open on Monday, July 22, 2019. Management will host a webcast to discuss the results at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) on Monday, July 22, 2019.  To access the webcast, please visit the investor relations section of the Company's website at www.shiftpixy.com.  The on-line replay will be available for one month after conclusion of the call. ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.  With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

  • GlobeNewswire

    ShiftPixy Provides Update on Release of Fiscal Third Quarter 2019 Results

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, has postponed the release date for its fiscal third quarter 2019 earnings results and will provide a new date for the release as soon as possible. ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

  • GlobeNewswire

    ShiftPixy Announces Stock Repurchase Program

    ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that its Board of Directors has authorized the repurchase of up to ten million shares of its outstanding common stock over an initial period of 18 months, extendable at the Board’s discretion.  The stock repurchase program will be funded through the Company's existing cash. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion, in accordance with applicable SEC regulations, and will be subject to economic and market conditions, stock price, applicable legal requirements, and other factors.

  • Some ShiftPixy (NASDAQ:PIXY) Shareholders Have Taken A Painful 75% Share Price Drop
    Simply Wall St.

    Some ShiftPixy (NASDAQ:PIXY) Shareholders Have Taken A Painful 75% Share Price Drop

    ShiftPixy, Inc. (NASDAQ:PIXY) shareholders will doubtless be very grateful to see the share price up 60% in the last...

  • GlobeNewswire

    ShiftPixy to Participate in the 9th Annual LD Micro Invitational

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that it will be presenting at the LD Micro Conference in Los Angeles, California.  The company will present on June 5th at 10:40 Pacific and will be available for one-on-one meetings both June 4th and June 5th. LD Micro was founded in 2006 and has grown beyond its original newsletter to now host several influential events annually. ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.

  • GlobeNewswire

    ShiftPixy to Introduce Breakthrough Self-Delivery Platform at Upcoming Tradeshow

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, will introduce its self-delivery strategy and accompanying technology at the 2019 National Restaurant Association (NRA) Show taking place May 18-21 in Chicago. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

  • GlobeNewswire

    ShiftPixy Presents Its Latest Innovations at the 2019 National Restaurant Association Show

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, will exhibit its latest restaurant-targeted technologies at the 2019 National Restaurant Association (NRA) Show taking place May 18-21 in Chicago. “We’re excited to participate in this year’s NRA Show.  We know there are two things really hurting restaurant operators right now…they can’t find and keep quality employees, and they lose money on every third-party order that goes out the door,” said Scott Absher, CEO of ShiftPixy. Now in its 100th year, the NRA Show is the largest annual gathering of the restaurant, foodservice and hospitality industries in the US, welcoming over 43,000 attendees.

  • GlobeNewswire

    ShiftPixy to Participate in the Piper Jaffray Restaurant Series 2019

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that its newly appointed Chief Technology Officer, Doug Moss, will sit on a panel at Piper Jaffray’s “Restaurant Series 2019: Tech Bites into the Restaurant Industry” in New York City on May 7th, 2019.  The panel is entitled, “The Labor Market and the Fight for Talent” and is scheduled for 2:15 Eastern. Mr. Moss joined ShiftPixy in 2018, bringing with him more than 20 years of industry experience including web and mobile customer expertise, developed during a dynamic and successful career at companies such as Levy Restaurants, Pacific Life, The Los Angeles Galaxy and his own consulting firm, Evergreen Experience.  He has overseen platform development and multiple product teams at ShiftPixy as they have quickly worked to deliver a world-class, customer-focused solution.

  • GlobeNewswire

    ShiftPixy Names Doug Moss Chief Technology Officer

    IRVINE, Calif., April 30, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary.

  • GlobeNewswire

    ShiftPixy to Present and Host Meetings at the Planet MicroCap Showcase 2019

    ShiftPixy, Inc. (PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced it will present at the Planet MicroCap Showcase on Wednesday, May 1, 2019 and will host one-on-one meetings on May 2, 2019. If you have any questions about the Planet MicroCap Showcase 2019, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information. ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.

  • ACCESSWIRE

    ShiftPixy to Present and Host Meetings at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV

    IRVINE, CA / ACCESSWIRE / April 26, 2019 / ShiftPixy, Inc. (NASDAQ: PIXY ), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates ...

  • ACCESSWIRE

    MicroCap Review Magazine Spring 2019 Issue Now Available

    The Digital Issue of the Spring 2019 MicroCap Review Magazine,The Official Magazine for the MicroCap Stock Market, can be read on www.StockNewsNow.com LOS ANGELES, CA / ACCESSWIRE / April 23, 2019 / SNN ...