Affirm (NASDAQ:AFRM) Issues Quarterly Earnings Results

Affirm (NASDAQ:AFRM) issued its earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44, Zacks reports. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $75.22 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The business has a 50-day moving average of $63.09 and a 200-day moving average of $49.18. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of -52.97 and a beta of 3.66. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $76.88.

Insider Buying and Selling

In other news, CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now owns 77,608 shares of the company’s stock, valued at $4,665,792.96. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,339,564 shares of company stock worth $87,252,461. Corporate insiders own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AFRM shares. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. UBS Group upped their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday. JMP Securities lifted their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday. Finally, Bank of America increased their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

About Affirm

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.