Affirm Holdings Inc. (NASDAQ:AFRM) shares traded -3.51% lower at $14.59 on Wall Street last session.
In accordance with the data, 20 analysts cover Affirm Holdings Inc. (NASDAQ:AFRM). The consensus rating among analysts is ‘Overweight’. AFRM stock price is now -25.21% away from the 50-day moving average and -49.22% away from the 200-day moving average. The market capitalization of the company currently stands at $3.73B.
It has been rated a hold by 8 analysts and a buy by 8.
With the price target reduced from $22 to $14, Deutsche Bank maintained Hold rating for Affirm Holdings Inc. (NASDAQ: AFRM). On July 11, 2022, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $22, while ‘Wedbush’ rates the stock as ‘Underperform’.
In other news, Rabois Keith, Director sold 17,287 shares of the company’s stock on Nov 01. The stock was sold for $346,438 at an average price of $20.04. Upon completion of the transaction, the Director now directly owns 86,434 shares in the company, valued at $1.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29, 10% Owner GIC Private Ltd bought 3,898 shares of the business’s stock. A total of $116,940 was incurred on buying the stock at an average price of $30.00. This leaves the insider owning 4,499,514 shares of the company worth $65.65 million. Insiders disposed of 168,768 shares of company stock worth roughly $2.46 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AFRM stock. A new stake in Affirm Holdings Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $22,643,000. WELLINGTON MANAGEMENT GROUP LLP invested $15,716,000 in shares of AFRM during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Affirm Holdings Inc. valued at approximately $15,276,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in AFRM for approximately $5,493,000. JEFFERIES GROUP LLC purchased a new stake in AFRM valued at around $3,219,000 in the second quarter. In total, there are 506 active investors with 77.20% ownership of the company’s stock.
Affirm Holdings Inc. (NASDAQ: AFRM) opened at $14.32 on Thursday. During the past 12 months, Affirm Holdings Inc. has had a low of $11.94 and a high of $159.40. The fifty day moving average price for AFRM is $19.51 and a two-hundred day moving average price translates $28.73 for the stock.
The latest earnings results from Affirm Holdings Inc. (NASDAQ: AFRM) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.65, missing analysts’ expectations of -$0.63 by -0.02. This compares to -$1.13 EPS in the same period last year. The net profit margin was -53.80% and return on equity was -25.50% for AFRM. The company reported revenue of $361.62 million for the quarter, compared to $269.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.24 percent. For the current quarter, analysts expect AFRM to generate $359.68M in revenue.
Affirm Holdings Inc.(AFRM) Company Profile
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company’s platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging from one to sixty months. As of June 30, 2022, the company had approximately 235,000 merchants integrated on its platform covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel and ticketing, apparel, accessories, consumer electronics, and jewelry. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.