Affirm (NASDAQ:AFRM) Releases Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Affirm (NASDAQ:AFRM) issued its earnings results on Wednesday. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.27, Briefing.com reports. The firm had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $549.99 million. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The business’s revenue was up 51.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.69) earnings per share. Affirm updated its Q4 2024 guidance to EPS.

Affirm Stock Performance

Shares of NASDAQ:AFRM traded up $1.81 during trading on Thursday, hitting $33.39. 6,549,832 shares of the stock traded hands, compared to its average volume of 9,146,990. The company has a fifty day moving average price of $34.60 and a two-hundred day moving average price of $35.93. Affirm has a 52-week low of $11.57 and a 52-week high of $52.48. The company has a market cap of $10.25 billion, a price-to-earnings ratio of -13.40 and a beta of 3.56. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Analysts Set New Price Targets

AFRM has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on shares of Affirm from $50.00 to $43.00 and set a “sector perform” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. The Goldman Sachs Group upped their target price on shares of Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Wedbush reissued an “underperform” rating and set a $20.00 price objective on shares of Affirm in a research report on Friday, February 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Thursday. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Affirm currently has an average rating of “Hold” and an average target price of $27.58.

Insider Activity at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction that occurred on 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 owns 78,552 shares in the company, valued at $2,701,403.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.05% of the stock is currently owned by corporate insiders.

Affirm 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.