Affirm (AFRM) Scheduled to Post Earnings on Thursday

Affirm (NASDAQ:AFRM – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.54) per share for the quarter. Affirm has set its Q3 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Affirm (NASDAQ:AFRM – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.13). The business had revenue of $361.00 million during the quarter, compared to analysts’ expectations of $333.07 million. Affirm had a negative return on equity of 22.95% and a negative net margin of 74.96%. The business’s quarterly revenue was up 77.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.45) EPS. On average, analysts expect Affirm to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

AFRM opened at $31.76 on Thursday. The company has a current ratio of 7.12, a quick ratio of 7.12 and a debt-to-equity ratio of 1.62. The company has a market cap of $9.03 billion, a price-to-earnings ratio of -9.80 and a beta of 3.04. The company’s 50 day moving average is $37.47 and its 200 day moving average is $79.67. Affirm has a 12-month low of $26.02 and a 12-month high of $176.65.

AFRM has been the topic of a number of research reports. Mizuho raised their price objective on shares of Affirm from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, March 15th. Truist Financial decreased their target price on shares of Affirm from $100.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. Stephens decreased their target price on shares of Affirm from $72.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, February 11th. DA Davidson upgraded shares of Affirm from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $110.00 to $75.00 in a research note on Friday, January 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Affirm from $70.00 to $35.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $80.06.

In other Affirm news, major shareholder Private Ltd Gic purchased 134,197 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were bought at an average price of $34.98 per share, with a total value of $4,694,211.06. Following the completion of the purchase, the insider now directly owns 812,086 shares in the company, valued at $28,406,768.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 2,107,799 shares of company stock worth $68,998,013 over the last ninety days. Insiders own 16.48% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. grew its position in Affirm by 70.1% in the fourth quarter. Sei Investments Co. now owns 30,255 shares of the company’s stock worth $2,989,000 after acquiring an additional 12,472 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Affirm in the 3rd quarter worth approximately $1,034,000. Stifel Financial Corp increased its position in shares of Affirm by 20.3% during the 4th quarter. Stifel Financial Corp now owns 9,129 shares of the company’s stock valued at $918,000 after purchasing an additional 1,539 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Affirm by 18.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,793 shares of the company’s stock valued at $704,000 after buying an additional 1,071 shares during the period. Finally, Guggenheim Capital LLC bought a new stake in Affirm in the fourth quarter worth $583,000. Hedge funds and other institutional investors own 58.34% of the company’s stock.

About Affirm (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.

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