There has been a significant shift in the fundamentals for Affirm Holdings Inc (NASDAQ:AFRM)

Affirm Holdings Inc (NASDAQ:AFRM) shares traded 2.70% higher at $25.46 on Wall Street last session.

In accordance with the data, 19 analysts cover Affirm Holdings Inc (NASDAQ:AFRM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $6.00, we find $19.75. Given the previous closing price of $24.79, this indicates a potential downside of -20.33 percent. AFRM stock price is now 22.70% away from the 50-day moving average and 60.79% away from the 200-day moving average. The market capitalization of the company currently stands at $7.67B.

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It has been rated a hold by 8 analysts and a buy by 4. Brokers who have rated the stock have averaged $19.72 as their price target over the next twelve months.

With the price target of $17, Wells Fargo recently initiated with Equal Weight rating for Affirm Holdings Inc (NASDAQ: AFRM).

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 $302.66 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 385,794 shares of company stock worth roughly $9.82 million over the past 1 year. A total of 25.47% of the company’s stock is owned by insiders.

Affirm Holdings Inc (NASDAQ: AFRM) opened at $24.80 on Monday. During the past 12 months, Affirm Holdings Inc has had a low of $8.62 and a high of $27.16. As of last week, the company has a debt-to-equity ratio of 2.17, a current ratio of 4.87, and a quick ratio of 4.87. The fifty day moving average price for AFRM is $20.75 and a two-hundred day moving average price translates $15.83 for the stock.

The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.57, beating analysts’ expectations of -$0.7 by 0.13. This compares to -$0.86 EPS in the same period last year. The net profit margin was -52.58% and return on equity was -35.31% for AFRM. The company reported revenue of $496.55 million for the quarter, compared to $361.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.31 percent. For the current quarter, analysts expect AFRM to generate $517.02M 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.

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