Affirm (AFRM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $44.40 to $47.05
• 50-Day Range: $24.12 to $44.06
• 52-Week Range: $15.97 to $52.48
• Volume: 10.14 million shs
• Average Volume: 8.69 million shs
• Market Capitalization: $14.53 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $34.32
• Consensus Rating: Hold

Affirm Stock Analysis - MarketRank™

Affirm scored higher than 50% of companies evaluated by MarketBeat, and ranked 195th out of 344 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Affirm has received a consensus rating of Hold. The company's average rating score is 2.05, and is based on 6 buy ratings, 9 hold ratings, and 5 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.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Affirm are expected to grow in the coming year, from ($0.82) to $0.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Affirm is -20.30, 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 -20.30, 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 5.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.25% 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 2.4, 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 11.10%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Affirm does not currently pay a dividend.

Dividend Growth

Affirm does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.25% 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 2.4, 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 11.10%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.32

News Sentiment

Affirm has a news sentiment score of 0.32. 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 is a lower news sentiment than the 0.61 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Affirm this week, compared to 2 articles on an average week.

Search Interest

69 people have searched for AFRM on MarketBeat in the last 30 days. This is an increase of 103% compared to the previous 30 days.

MarketBeat Follows

14 people have added Affirm to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $5,081,045.00 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.

AFRM Stock Analysis - Frequently Asked Questions

How have AFRM shares performed this year?

Affirm's stock was trading at $49.14 at the beginning of 2024. Since then, AFRM shares have decreased by 7.9% and is now trading at $45.28.
View the best growth stocks for 2024 here.

How were Affirm's earnings last quarter?

Affirm Holdings, Inc. (NASDAQ:AFRM) issued its quarterly earnings results on Wednesday, May, 8th. The company reported ($0.43) EPS for the quarter, topping analysts' consensus estimates of ($0.70) by $0.27. Affirm's quarterly revenue was up 51.2% compared to the same quarter last year.

When did Affirm IPO?

Affirm (AFRM) raised $873 million in an initial public offering 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.

Who are Affirm's major shareholders?

Affirm's top institutional investors include Baillie Gifford & Co. (4.34%), Susquehanna International Group LLP, Abdiel Capital Advisors LP (0.67%) and Dimensional Fund Advisors LP (0.62%). Insiders that own company stock include Private Ltd Gic, Christa S Quarles, Michael Linford, Katherine Adkins, Keith Rabois, Jeremy Philips 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.

Company Calendar

• Last Earnings: 5/08/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Personal credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:AFRM
• CUSIP: N/A
• CIK: 1820953
• Web: www.affirm.com
• Phone: 415-984-0490
• Fax: N/A
• Employees: 2,006
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $34.32
• High Stock Price Target: $65.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -22.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.05
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-517,760,000.00
• Net Margins: -22.29%
• Pretax Margin: -22.19%
• Return on Equity: -15.55%
• Return on Assets: -4.54%

Debt

• Debt-to-Equity Ratio: 2.41
• Current Ratio: 13.07
• Quick Ratio: 13.07

Sales & Book Value

• Annual Sales: $2.32 billion
• Price / Sales: 5.89
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $8.78 per share
• Price / Book: 5.04

Miscellaneous

• Outstanding Shares: 309,125,000
• Free Float: 268,784,000
• Market Cap: $13.69 billion
• Optionable: Optionable
• Beta: 3.51