Affirm Holdings, Inc. (NASDAQ:AFRM – Get Free Report) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 20,030,000 shares, a growth of 9.2% from the October 31st total of 18,340,000 shares. Based on an average daily volume of 11,720,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 7.8% of the company’s shares are short sold.
Affirm Trading Up 2.4 %
AFRM opened at $70.01 on Monday. The business’s 50-day simple moving average is $49.29 and its 200-day simple moving average is $37.98. The company has a market cap of $21.99 billion, a P/E ratio of -49.30 and a beta of 3.47. Affirm has a one year low of $22.25 and a one year high of $70.88. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.
Affirm (NASDAQ:AFRM – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter last year, the company earned ($0.57) earnings per share. As a group, equities research analysts expect that Affirm will post -0.53 EPS for the current fiscal year.
Insider Buying and Selling at Affirm
Hedge Funds Weigh In On Affirm
Large investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new stake in shares of Affirm during the second quarter worth about $45,219,000. Artemis Investment Management LLP purchased a new position in Affirm during the 3rd quarter worth approximately $30,808,000. Holocene Advisors LP acquired a new position in Affirm during the third quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its stake in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after buying an additional 672,883 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after acquiring an additional 528,400 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Bank of America raised their target price on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $45.00 in a report on Monday, October 14th. Mizuho increased their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Finally, Barclays increased their price objective on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.53.
Get Our Latest Stock Analysis on AFRM
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.
Recommended Stories
- Five stocks we like better than Affirm
- ESG Stocks, What Investors Should Know
- Analog Devices: Why the Uptrend Could Accelerate in 2025
- How to Use the MarketBeat Dividend Calculator
- Texas Pacific Land: Permian Basin Powerhouse With an AI Edge
- What is a Dividend King?
- ServiceNow: Will the High-Flyer Finally Split in 2024?
Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.com's FREE daily email newsletter.