Affirm (AFRM) Stock Price, News & Analysis

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last year. There are currently 6 sell ratings, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AFRM shares.
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19 brokers have issued 1-year price objectives for Affirm's stock. Their AFRM share price targets range from $10.00 to $55.00. On average, they anticipate the company's stock price to reach $22.21 in the next twelve months. This suggests that the stock has a possible downside of 54.9%.
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Affirm's stock was trading at $49.14 at the beginning of the year. Since then, AFRM stock has increased by 0.2% and is now trading at $49.22.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
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Affirm Holdings, Inc. (NASDAQ:AFRM) announced its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.65. The firm had revenue of $496.55 million for the quarter, compared to the consensus estimate of $444.48 million. Affirm had a negative trailing twelve-month return on equity of 35.74% and a negative net margin of 52.58%. The business's revenue for the quarter was up 37.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.86) earnings per share.

ETFs with the largest weight of Affirm (NASDAQ:AFRM) stock in their portfolio include Roundhill MEME ETF (MEME), Amplify Online Retail ETF (IBUY), ETFMG Prime Mobile Payments ETF (IPAY), Harbor Corporate Culture Small Cap ETF (HAPS), Global X FinTech Thematic ETF (FINX), Renaissance IPO ETF (IPO) and IQ U.S. Mid Cap R&D Leaders ETF (MRND).JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Affirm issued an update on its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $530.0 million-$550.0 million, compared to the consensus revenue estimate of $487.8 million.

(AFRM) raised $873 million in an initial public offering (IPO) on Wednesday, January 13th 2021. The company issued 24,600,000 shares at $33.00-$38.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company served as the underwriters for the IPO and RBC Capital Markets, Credit Suisse, Barclays, Truist Securities, Siebert Williams Shank and Deutsche Bank Securities were co-managers.

Affirm's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.96%), Dimensional Fund Advisors LP (0.87%), Charles Schwab Investment Management Inc. (0.45%), Three Bridge Wealth Advisors LLC (0.36%), Swiss National Bank (0.14%) and California Public Employees Retirement System (0.11%). Insiders that own company stock include Del Castillo Sharda Caro, Jeremy Philips, Katherine Adkins, Keith Rabois, Michael Linford, Private Ltd Gic and Siphelele Jiyane.
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Shares of AFRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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