Analysts’ Weekly Ratings Updates for Affirm (AFRM)

A number of firms have modified their ratings and price targets on shares of Affirm (NASDAQ: AFRM) recently:

• 4/23/2024 – Affirm had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co..
• 4/23/2024 – Affirm had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 4/16/2024 – Affirm had its price target lowered by analysts at Barclays PLC from $50.00 to $41.00. They now have an “overweight” rating on the stock.
• 4/3/2024 – Affirm is now covered by analysts at Needham & Company LLC. They set a “hold” rating on the stock.

Affirm Stock Up 2.5 %

Shares of NASDAQ:AFRM opened at $32.76 on Wednesday. The stock’s 50-day moving average price is $35.71 and its two-hundred day moving average price is $34.94. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -13.16 and a beta of 3.58. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. Affirm Holdings, Inc. has a 12-month low of $8.80 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. On average, research analysts forecast that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now directly owns 78,552 shares in the company, valued at approximately $2,701,403.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Affirm

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Affirm by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 19,506,902 shares of the company’s stock worth $958,569,000 after purchasing an additional 769,843 shares during the period. Capital World Investors raised its holdings in shares of Affirm by 1.2% during the 4th quarter. Capital World Investors now owns 19,002,021 shares of the company’s stock valued at $933,759,000 after buying an additional 218,720 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Affirm by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock valued at $128,895,000 after buying an additional 153,675 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Affirm by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,370,508 shares of the company’s stock valued at $67,347,000 after buying an additional 72,178 shares during the period. Finally, Norges Bank purchased a new stake in shares of Affirm during the 4th quarter valued at about $67,310,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.