Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Average Rating of "Hold" from Analysts (2024)

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) has received a consensus recommendation of "Hold" from the twenty brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.85.

Several brokerages have recently issued reports on AFRM. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a report on Thursday, May 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $43.00 price objective on shares of Affirm in a research note on Friday, May 24th. Barclays cut their target price on shares of Affirm from $50.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, April 16th. Bank of America raised shares of Affirm from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a report on Tuesday, July 30th. Finally, BTIG Research assumed coverage on shares of Affirm in a report on Friday, June 7th. They issued a "neutral" rating for the company.

View Our Latest Report on Affirm

Affirm Stock Performance

Shares of NASDAQ:AFRM traded down $0.40 during trading on Tuesday, hitting $24.16. The stock had a trading volume of 4,438,359 shares, compared to its average volume of 8,217,963. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43. Affirm has a 12-month low of $13.67 and a 12-month high of $52.48. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of -10.83 and a beta of 3.45. The stock has a 50-day simple moving average of $29.68 and a two-hundred day simple moving average of $33.83.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.27. The business had revenue of $576.00 million during the quarter, compared to analysts' expectations of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The business's quarterly revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.69) EPS. On average, equities research analysts expect that Affirm will post -1.98 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,275 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the transaction, the director now directly owns 64,348 shares of the company's stock, valued at $1,730,961.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.05% of the company's stock.

Institutional Investors Weigh In On Affirm

Large investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its holdings in shares of Affirm by 9.2% in the second quarter. Arizona State Retirement System now owns 65,417 shares of the company's stock valued at $1,976,000 after purchasing an additional 5,511 shares during the period. Rhumbline Advisers boosted its holdings in Affirm by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 235,895 shares of the company's stock valued at $7,126,000 after purchasing an additional 6,185 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Affirm by 29.3% in the 2nd quarter. CIBC Asset Management Inc now owns 7,287 shares of the company's stock valued at $220,000 after buying an additional 1,650 shares during the period. Cravens & Co Advisors LLC increased its holdings in shares of Affirm by 16.0% during the 2nd quarter. Cravens & Co Advisors LLC now owns 13,712 shares of the company's stock worth $414,000 after buying an additional 1,890 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Affirm by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company's stock valued at $379,000 after buying an additional 680 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Company Profile

(Get Free Report

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.

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