Q3 2022 EPS Estimates for Affirm Holdings, Inc. (NASDAQ:AFRM) Increased by Analyst

Affirm Holdings, Inc. (NASDAQ:AFRMGet Rating) – Investment analysts at Jefferies Financial Group raised their Q3 2022 earnings estimates for Affirm in a research note issued to investors on Tuesday, April 19th. Jefferies Financial Group analyst J. Hecht now expects that the company will post earnings per share of ($0.38) for the quarter, up from their prior estimate of ($0.41). Jefferies Financial Group has a “Underperform” rating and a $45.00 price target on the stock. Jefferies Financial Group also issued estimates for Affirm’s Q4 2022 earnings at ($0.36) EPS, FY2022 earnings at ($2.44) EPS, Q3 2023 earnings at ($0.38) EPS and Q4 2023 earnings at ($0.25) EPS.

Affirm (NASDAQ:AFRMGet Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.13). The company had revenue of $361.00 million during the quarter, compared to the consensus estimate of $333.07 million. Affirm had a negative net margin of 74.96% and a negative return on equity of 22.95%. The business’s revenue was up 77.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.45) EPS.

A number of other equities research analysts also recently issued reports on the company. DA Davidson upgraded Affirm from a “neutral” rating to a “buy” rating and cut their price target for the company from $110.00 to $75.00 in a research note on Friday, January 28th. Credit Suisse Group decreased their price objective on Affirm from $105.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, February 11th. Zacks Investment Research upgraded Affirm from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Piper Sandler cut their price objective on Affirm from $65.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 6th. Finally, Truist Financial decreased their price objective on Affirm from $100.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.25.

NASDAQ AFRM opened at $34.76 on Thursday. Affirm has a one year low of $26.02 and a one year high of $176.65. The stock has a 50-day moving average of $39.32 and a 200 day moving average of $86.88. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of -10.73 and a beta of 2.79. The company has a debt-to-equity ratio of 1.62, a quick ratio of 7.12 and a current ratio of 7.12.

A number of large investors have recently bought and sold shares of AFRM. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Affirm in the third quarter valued at $32,000. Geneos Wealth Management Inc. grew its stake in shares of Affirm by 275.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 375 shares of the company’s stock valued at $37,000 after buying an additional 275 shares in the last quarter. HM Payson & Co. grew its stake in shares of Affirm by 540.0% in the fourth quarter. HM Payson & Co. now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 378 shares in the last quarter. Signaturefd LLC grew its stake in shares of Affirm by 157.3% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $46,000 after buying an additional 236 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at $46,000. Institutional investors own 43.24% of the company’s stock.

In other Affirm news, CFO Michael Linford sold 48,150 shares of Affirm stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $65.96, for a total value of $3,175,974.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.48% of the stock is owned by insiders.

Affirm Company Profile (Get Rating)

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.

Further Reading

Earnings History and Estimates for Affirm (NASDAQ:AFRM)

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