Affirm (NASDAQ:AFRM) Posts Earnings Results, Beats Expectations By $0.44 EPS

Affirm (NASDAQ:AFRM) announced its quarterly earnings data on Thursday. The company reported $0.23 EPS for the quarter, beating 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 Stock Performance

AFRM traded down $1.05 on Thursday, reaching $61.75. 10,106,093 shares of the stock were exchanged, compared to its average volume of 5,397,557. Affirm has a fifty-two week low of $22.25 and a fifty-two week 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. The firm has a market capitalization of $19.39 billion, a PE ratio of -43.49 and a beta of 3.66. The company’s 50-day moving average price is $63.12 and its 200 day moving average price is $48.77.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AFRM. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and raised their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research note on Wednesday, January 22nd. Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, JMP Securities upgraded shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, December 20th. 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 given a strong buy rating to the company. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average price target of $62.88.

Insider Buying and Selling at Affirm

In related news, CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the sale, the director now owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,339,564 shares of company stock worth $87,252,461. Company insiders own 12.41% of the company’s stock.

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.