Stocks of Affirm Holdings Inc. (NASDAQ:AFRM) traded higher last session on Wall Street, up 11.63% to $14.69.
According to the data, Affirm Holdings Inc. (NASDAQ:AFRM) has 18 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $6.00, we find $14.00. Given the previous closing price of $13.16, this indicates a potential upside of 6.38 percent. AFRM stock price is now 36.31% away from the 50-day moving average and -9.69% away from the 200-day moving average. The market capitalization of the company currently stands at $4.46B.
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A total of 10 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $13.44 as their price target over the next twelve months.
With the price target reduced from $46 to $15, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Affirm Holdings Inc. (NASDAQ: AFRM). On February 09, 2023, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $23 to quote $17, while ‘BofA Securities’ rates the stock as ‘Neutral’.
In other news, Rabois Keith, Director sold 17,286 shares of the company’s stock on Apr 03. The stock was sold for $192,711 at an average price of $11.15. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Director Rabois Keith sold 17,287 shares of the business’s stock. A total of $220,673 was realized by selling the stock at an average price of $12.77. This leaves the insider owning 17,286 shares of the company worth $0.25 million. Insiders disposed of 93,612 shares of company stock worth roughly $1.38 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 CAPITAL WORLD INVESTORS during the first quarter worth $225,186,000. LIGHTSPEED ULTIMATE GENERAL PARTNER IX, LTD. invested $69,352,000 in shares of AFRM during the first quarter. In the first quarter, LIGHTSPEED OPPORTUNITY FUND, L.P. acquired a new stake in Affirm Holdings Inc. valued at approximately $18,430,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in AFRM for approximately $15,798,000. JEFFERIES GROUP LLC purchased a new stake in AFRM valued at around $3,241,000 in the second quarter. In total, there are 484 active investors with 83.60% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $13.30 for Affirm Holdings Inc. (NASDAQ: AFRM). During the past 12 months, Affirm Holdings Inc. has had a low of $8.62 and a high of $40.97. The fifty day moving average price for AFRM is $10.83 and a two-hundred day moving average price translates $16.20 for the stock.
The latest earnings results from Affirm Holdings Inc. (NASDAQ: AFRM) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.69, beating analysts’ expectations of -$0.92 by 0.23. This compares to -$0.19 EPS in the same period last year. The net profit margin was -74.60% and return on equity was -37.90% for AFRM. The company reported revenue of $380.98 million for the quarter, compared to $354.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.39 percent. For the current quarter, analysts expect AFRM to generate $406.34M 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.
