In yesterday’s Wall Street session, Affirm Holdings Inc (NASDAQ:AFRM) shares traded at $37.79, up 11.41% from the previous session.
AFRM stock price is now -5.51% away from the 50-day moving average and 38.09% away from the 200-day moving average. The market capitalization of the company currently stands at $11.60B.
With the price target of $44, BMO Capital Markets recently initiated with Market Perform rating for Affirm Holdings Inc (NASDAQ: AFRM). On December 18, 2023, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock increasing its target price from $15 to quote $20, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Rabois Keith, Director sold 9,276 shares of the company’s stock on Mar 14 ’24. The stock was sold for $318,970 at an average price of $34.39. Upon completion of the transaction, the Director now directly owns 78,552 shares in the company, valued at $2.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27 ’23, Chief Financial Officer Linford Michael sold 65,000 shares of the business’s stock. A total of $3,380,000 was realized by selling the stock at an average price of $52.00. This leaves the insider owning 99,063 shares of the company worth $3.74 million. A total of 20.44% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $8.80 and a high of $52.48. As of last week, the company has a debt-to-equity ratio of 2.32, a current ratio of 12.22, and a quick ratio of 12.22. The fifty day moving average price for AFRM is $39.84 and a two-hundred day moving average price translates $27.48 for the stock.
The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.54, beating analysts’ expectations of -$0.72 by 0.18. This compares to -$1.10 EPS in the same period last year. The net profit margin was -39.19% and return on equity was -29.17% for AFRM. The company reported revenue of $591.11 million for the quarter, compared to $399.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.94 percent. For the current quarter, analysts expect AFRM to generate $548.28M in revenue.
