Should I buy or sell Affirm stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last twelve months. There are currently 6 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AFRM shares. View AFRM analyst ratings or view top-rated stocks .

What is Affirm's stock price target for 2024?

18 brokerages have issued 12 month price targets for Affirm's stock. Their AFRM share price targets range from $10.00 to $55.00. On average, they expect the company's stock price to reach $27.86 in the next year. This suggests that the stock has a possible downside of 9.7%. View analysts price targets for AFRM or view top-rated stocks among Wall Street analysts .

How have AFRM shares performed in 2024?

Affirm's stock was trading at $49.14 at the beginning of the year. Since then, AFRM stock has decreased by 37.2% and is now trading at $30.87. View the best growth stocks for 2024 here .

When is Affirm's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our AFRM earnings forecast .

How were Affirm's earnings last quarter?

Affirm Holdings, Inc. (NASDAQ:AFRM) announced its earnings results on Thursday, February, 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.08. The company had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative trailing twelve-month return on equity of 25.10% and a negative net margin of 39.19%.

What ETFs hold Affirm's stock?

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

What guidance has Affirm issued on next quarter's earnings?

Affirm issued an update on its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided 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.

Affirm (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 acted 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.

Who are Affirm's major shareholders?

Affirm's stock is owned by many different institutional and retail investors. Top institutional investors include RJA Asset Management LLC (0.13%), Catalyst Private Wealth LLC (0.05%), Los Angeles Capital Management LLC (0.01%), Atlas Capital Advisors LLC (0.00%), Kathleen S. Wright Associates Inc. (0.00%) and Global Wealth Strategies & Associates (0.00%). Insiders that own company stock include Jeremy Philips , Katherine Adkins , Keith Rabois , Michael Linford , Private Ltd Gic and Siphelele Jiyane . View institutional ownership trends .

How do I buy shares of Affirm?

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. Compare Top Brokerages Here .

NASDAQ:AFRM

Affirm (AFRM) Stock Price, News & Analysis

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$30.87

-0.05 (-0.16%)

(As of 04/17/2024 ET)

Compare

Today's Range: $30.75
▼
$31.72
50-Day Range: $30.87
▼
$49.22
52-Week Range: $8.80
▼
$52.48

Volume: 3.52 million shs
Average Volume: 9.71 million shs
Market Capitalization: $9.47 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $27.86

Get Affirm alerts:

Affirm MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.83 Rating Score
Upside/Downside: 9.7% Downside
$27.86 Price Target
Short Interest: Healthy
12.27% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.38
Based on 3 Articles This Week
Insider Trading: Selling Shares
$319,002 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($2.45) to ($2.00) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.04 out of 5 stars

Business Services Sector

252nd out of 299 stocks

Personal Credit Institutions Industry

14th out of 14 stocks

1.9

Analyst's Opinion

Consensus Rating
Affirm has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on 3 buy ratings, 9 hold ratings, and 6 sell ratings.
Amount of Analyst Coverage
Affirm has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
12.27% of the float of Affirm has been sold short.
Short Interest Ratio / Days to Cover
Affirm has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Affirm has recently decreased by 1.29%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Affirm does not currently pay a dividend.
Dividend Growth
Affirm does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AFRM.

1.9

News and Social Media Coverage

News Sentiment
Affirm has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Affirm this week, compared to 1 article on an average week.
Search Interest
Only 41 people have searched for AFRM on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Affirm to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Affirm insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $319,002.00 in company stock.
Percentage Held by Insiders
13.05% of the stock of Affirm is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
69.29% of the stock of Affirm is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Affirm are expected to grow in the coming year, from ($2.45) to ($2.00) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Affirm is -12.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Affirm is -12.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Affirm has a P/B Ratio of 3.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Affirm Stock (NASDAQ:AFRM)

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. The company has active merchants covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel and ticketing, apparel, accessories, consumer electronics, and jewelry. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.

AFRM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AFRM Stock News Headlines

April 3, 2024 | marketbeat.com

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Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 9,276 Shares

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April 17, 2024 | americanbankingnews.com

Affirm (NASDAQ:AFRM) Price Target Cut to $41.00 by Analysts at Barclays

April 9, 2024 | seekingalpha.com

Affirm Holdings: Hard To Win Against Block, PayPal And Klarna, Amid Substantial Losses

April 7, 2024 | seekingalpha.com

Affirm: Stunning Acceleration In Growth And Margin Expansion (Rating Upgrade)

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Affirm Holdings: Strong Growth Ahead - Play The Long Game

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Affirm: Risk-Reward Is Attractive To Initiate A Position In The Stock

April 3, 2024 | barrons.com

Affirm Has Long-Term Potential. Why an Analyst Says to Wait.

April 3, 2024 | businesswire.com

Economic Uncertainty Isn't Stopping Canadians From Planning Major Purchases in 2024, According to New Survey

March 28, 2024 | businesswire.com

Newegg Makes Tech More Affordable for Students, Faculty and Staff with Affirm Offer

March 26, 2024 | businesswire.com

CFO Lawler to Affirm Full-Year 2024 Operating Guidance, Review Ford+ Growth Plan at BofA Auto Summit Today

March 26, 2024 | investorplace.com

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March 22, 2024 | seekingalpha.com

Affirm Holdings, Inc. (AFRM) Affirm CFO Fireside Chat (Transcript)

March 22, 2024 | investorplace.com

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March 14, 2024 | fool.com

Affirm Stock: Buy, Sell, or Hold?

March 13, 2024 | seekingalpha.com

Affirm Holdings, Inc. (AFRM) Wolfe Research FinTech Forum (Transcript)

March 11, 2024 | businesswire.com

Affirm to Webcast CFO Fireside Chat on March 22, 2024

March 7, 2024 | seekingalpha.com

Affirm Holdings Inc (AFRM) Morgan Stanley Technology, Media and Telecom Conference (Transcript)

March 7, 2024 | seekingalpha.com

Affirm Holdings: Get In Before The Fed Cuts

March 5, 2024 | investorplace.com

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Affirm: Solid Products And Networks Could Unlock New Growth Potential

February 23, 2024 | investorplace.com

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February 21, 2024 | investorplace.com

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Personal credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:AFRM
CUSIP: N/A
CIK: 1820953
Web: www.affirm.com
Phone: 415-984-0490
Fax: N/A
Employees: 2,171
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.86
High Stock Price Target: $55.00
Low Stock Price Target: $10.00
Potential Upside/Downside: -9.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.83
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.49)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-985,340,000.00
Net Margins: -39.19%
Pretax Margin: -39.29%
Return on Equity: -25.10%
Return on Assets: -7.76%

Debt

Debt-to-Equity Ratio: 2.35
Current Ratio: 11.49
Quick Ratio: 11.49

Sales & Book Value

Annual Sales: $1.91 billion
Price / Sales: 4.95
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.54 per share
Price / Book: 3.61

Miscellaneous

Outstanding Shares: 306,874,000
Free Float: 266,827,000
Market Cap: $9.47 billion
Optionable: Optionable
Beta: 3.57

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Key Executives

Mr. Max Roth Levchin (Age 48)
Founder, CEO & Chairman
Comp: $409.81k
Mr. Libor Michalek (Age 50)
President & Director
Comp: $475k
Mr. Michael A. Linford (Age 41)
Chief Financial Officer
Comp: $475k
Ms. Katherine Adkins Esq. (Age 61)
Chief Legal Officer & Secretary
Comp: $425k
Ms. Katrina Holt
Senior Vice President of Operations
Mr. Ronald Clark
VP of Investor Relations
Ms. Brooke E. Major-Reid (Age 50)
Chief Capital Officer
Mr. Robert W. O'Hare (Age 43)
Senior Vice President of Finance
Dr. Wayne Pommen Ph.D. (Age 45)
Head of International
Pat Suh
Senior Vice President of Revenue

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AFRM Stock Analysis - Frequently Asked Questions

Should I buy or sell Affirm stock right now?: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last twelve months. There are currently 6 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AFRM shares.
View AFRM analyst ratings or view top-rated stocks.
What is Affirm's stock price target for 2024?: 18 brokerages have issued 12 month price targets for Affirm's stock. Their AFRM share price targets range from $10.00 to $55.00. On average, they expect the company's stock price to reach $27.86 in the next year. This suggests that the stock has a possible downside of 9.7%.
View analysts price targets for AFRM or view top-rated stocks among Wall Street analysts.
How have AFRM shares performed in 2024?: Affirm's stock was trading at $49.14 at the beginning of the year. Since then, AFRM stock has decreased by 37.2% and is now trading at $30.87.
View the best growth stocks for 2024 here.
When is Affirm's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our AFRM earnings forecast.
How were Affirm's earnings last quarter?: Affirm Holdings, Inc. (NASDAQ:AFRM) announced its earnings results on Thursday, February, 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.08. The company had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative trailing twelve-month return on equity of 25.10% and a negative net margin of 39.19%.
What ETFs hold Affirm's stock?: ETFs with the largest weight of Affirm (NASDAQ:AFRM) stock in their portfolio include Roundhill MEME ETF (MEME), Amplify Online Retail ETF (IBUY), Amplify Mobile Payments ETF (IPAY), Adaptiv Select ETF (ADPV), Harbor Corporate Culture Small Cap ETF (HAPS), Global X FinTech Thematic ETF (FINX), IQ U.S. Mid Cap R&D Leaders ETF (MRND) and JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

What guidance has Affirm issued on next quarter's earnings?: Affirm issued an update on its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided 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.
When did Affirm IPO?: Affirm (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 acted 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.
Who are Affirm's major shareholders?: Affirm's stock is owned by many different institutional and retail investors. Top institutional investors include RJA Asset Management LLC (0.13%), Catalyst Private Wealth LLC (0.05%), Los Angeles Capital Management LLC (0.01%), Atlas Capital Advisors LLC (0.00%), Kathleen S. Wright Associates Inc. (0.00%) and Global Wealth Strategies & Associates (0.00%). Insiders that own company stock include Jeremy Philips, Katherine Adkins, Keith Rabois, Michael Linford, Private Ltd Gic and Siphelele Jiyane.
View institutional ownership trends.
How do I buy shares of Affirm?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:AFRM) was last updated on 4/18/2024 by MarketBeat.com Staff

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