In yesterday’s Wall Street session, Affirm Holdings Inc (NASDAQ:AFRM) shares traded at $31.58, down -9.51% from the previous session.
AFRM stock price is now -9.14% away from the 50-day moving average and 4.01% away from the 200-day moving average. The market capitalization of the company currently stands at $9.69B.
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On January 10, 2024, BMO Capital Markets recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $44, while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Rabois Keith, Director sold 9,276 shares of the company’s stock on May 01 ’24. The stock was sold for $297,902 at an average price of $32.12. Upon completion of the transaction, the Director now directly owns 60,000 shares in the company, valued at $1.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Director Rabois Keith sold 9,276 shares of the business’s stock. A total of $327,412 was realized by selling the stock at an average price of $35.30. This leaves the insider owning 69,276 shares of the company worth $2.19 million. A total of 20.47% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $10.79 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.
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 -$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 $549.42M 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.
