The stock of Affirm Holdings Inc (NASDAQ:AFRM) last traded at $18.25, down -0.22% from the previous session.
Data from the available sources indicates that Affirm Holdings Inc (NASDAQ:AFRM) is covered by 19 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $6.00, we find $16.75. Given the previous closing price of $18.29, this indicates a potential downside of -8.42 percent. AFRM stock price is now -5.39% away from the 50-day moving average and 21.31% away from the 200-day moving average. The market capitalization of the company currently stands at $5.46B.
In total, 9 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $16.67 as their price target over the next twelve months.
In other news, GIC Private Ltd, 10% Owner sold 203,905 shares of the company’s stock on Jul 05. The stock was sold for $3,144,215 at an average price of $15.42. Upon completion of the transaction, the 10% Owner now directly owns 11,887,747 shares in the company, valued at $216.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03, Director Rabois Keith sold 17,286 shares of the business’s stock. A total of $192,711 was realized by selling the stock at an average price of $11.15. Insiders disposed of 307,523 shares of company stock worth roughly $5.61 million over the past 1 year. A total of 25.99% 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $42,035,000. ALYESKA INVESTMENT GROUP, L.P. invested $38,794,000 in shares of AFRM during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Affirm Holdings Inc valued at approximately $19,023,000. MAN GROUP PLC acquired a new stake in AFRM for approximately $14,494,000. J. GOLDMAN & CO LP purchased a new stake in AFRM valued at around $12,815,000 in the second quarter. In total, there are 411 active investors with 63.58% ownership of the company’s stock.
With an opening price of $18.06 on Friday morning, Affirm Holdings Inc (NASDAQ: AFRM) set off the trading day. During the past 12 months, Affirm Holdings Inc has had a low of $8.62 and a high of $25.63. As of last week, the company has a debt-to-equity ratio of 2.13, a current ratio of 3.75, and a quick ratio of 3.75. The fifty day moving average price for AFRM is $19.35 and a two-hundred day moving average price translates $15.09 for the stock.
The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.69, beating analysts’ expectations of -$0.85 by 0.16. This compares to -$0.62 EPS in the same period last year. The net profit margin was -62.05% and return on equity was -38.25% for AFRM. The company reported revenue of $445.82 million for the quarter, compared to $364.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.43 percent. For the current quarter, analysts expect AFRM to generate $444.42M 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 up to 60 months. The company has active merchants 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.
