Affirm (NASDAQ:AFRM) Issues Earnings Results

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

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $61.75 on Friday. The company has a market capitalization of $19.39 billion, a PE ratio of -43.49 and a beta of 3.66. The business has a fifty day moving average price of $62.98 and a 200-day moving average price of $48.86. Affirm has a 1-year low of $22.25 and a 1-year high of $73.34. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Insiders Place Their Bets

In related news, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now owns 93,545 shares in the company, valued at approximately $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,339,564 shares of company stock valued at $87,252,461. Insiders own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

AFRM has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Morgan Stanley upped their target price on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the company from $20.00 to $61.00 in a research report on Tuesday, January 28th. Finally, 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 report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.88.

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.