Affirm Holdings, Inc. (NASDAQ:AFRM) experienced a slight dip in its share price as the market opened on Friday. The stock, which closed at $39.67 the previous day, opened at $38.25. However, it quickly rebounded and last traded at $39.23. The volume of shares exchanged reached 2,146,863.
Although the stock experienced a small decline, analysts have set new price targets for Affirm. BMO Capital Markets initiated coverage on the company and set a “market perform” rating with a price target of $44.00. Truist Financial raised their target price to $55.00 and maintained a “buy” rating. Jefferies Financial Group upgraded their rating from “underperform” to “hold” and increased the price target from $9.50 to $30.00. Wells Fargo & Company also raised their target to $20.00 and provided an “equal weight” rating. UBS Group raised their target to $21.50 with a “neutral” rating.
Despite mixed analyst opinions, Affirm has shown promise with its financials. The company has a debt-to-equity ratio of 2.19, indicating moderate leverage. Additionally, it boasts a current ratio and quick ratio of 13.25, demonstrating strong liquidity. With a 50-day moving average of $42.60 and a 200-day moving average of $27.69, the stock has shown positive momentum.
Affirm recently reported its quarterly earnings, with a revenue of $496.55 million, surpassing analyst estimates of $444.48 million. However, the company reported a negative EPS of ($0.57), falling short of consensus estimates of $0.08. Affirm’s revenue increased by 37.3% compared to the same period last year.
Insider trading activity has taken place at Affirm, with CFO Michael Linford selling 65,000 shares in December. Furthermore, major shareholder Private Ltd Gic sold 2,906,591 shares in December as well. These transactions were publicly disclosed through filings with the Securities & Exchange Commission.
Several hedge funds have made recent changes to their positions in Affirm. Institutional ownership stands at 59.69% of the company’s stock.
Affirm Holdings, Inc. operates a digital and mobile-first commerce platform. Its solutions include a point-of-sale payment option, merchant commerce solutions, and a consumer-focused app. The platform enables consumers to make purchases and pay over time, with flexible terms of up to 60 months.
As Affirm continues to grow its presence in the digital commerce space, investors closely watch how it leverages its platform and partnerships to drive further success.
Affirm Holdings, Inc. (NASDAQ:AFRM) is a company operating a digital and mobile-first commerce platform. Their solutions include a point-of-sale payment option, merchant commerce solutions, and a consumer-focused app. Affirm enables consumers to make purchases and pay over time with flexible terms of up to 60 months.
In recent news, Affirm experienced a slight dip in its share price at the market open, but quickly rebounded. Analysts have set new price targets for the company. BMO Capital Markets initiated coverage with a “market perform” rating and a price target of $44.00. Truist Financial raised their target price to $55.00 with a “buy” rating. Jefferies Financial Group upgraded their rating from “underperform” to “hold” and increased the price target from $9.50 to $30.00. Wells Fargo & Company also raised their target to $20.00 with an “equal weight” rating. UBS Group raised their target to $21.50 with a “neutral” rating.
While analysts have mixed opinions, Affirm has shown promise with its financials. The company has a debt-to-equity ratio of 2.19, indicating moderate leverage. It also has a strong liquidity position with a current ratio and quick ratio of 13.25. The stock has demonstrated positive momentum with a 50-day moving average of $42.60 and a 200-day moving average of $27.69.
Affirm recently reported its quarterly earnings, exceeding analyst estimates with a revenue of $496.55 million. However, the company reported a negative EPS of ($0.57), falling short of consensus estimates of $0.08. Despite this, Affirm’s revenue increased by 37.3% compared to the same period last year.
Insider trading activity has been observed at Affirm, with CFO Michael Linford and major shareholder Private Ltd Gic selling shares in December. These transactions were disclosed through filings with the Securities & Exchange Commission.
Several hedge funds have also made recent changes to their positions in Affirm. Institutional ownership currently stands at 59.69% of the company’s stock.
For more information, visit Affirm’s official website.