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: $62.59 to $66.49
• 50-Day Range: $38.48 to $63.96
• 52-Week Range: $22.25 to $66.49
• Volume: 7.89 million shs
• Average Volume: 9.08 million shs
• Market Capitalization: $20.78 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $46.85
• Consensus Rating: Hold

Affirm Stock Analysis - MarketRank™

Affirm scored higher than 51% of companies evaluated by MarketBeat, and ranked 178th out of 323 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Affirm has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 9 buy ratings, 9 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Affirm has been the subject of 12 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 ($0.53) to $0.56 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Affirm is -46.30, 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 -46.30, 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 7.28. 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

7.18% 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 1.7, 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 5.32%, 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

7.18% 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 1.7, 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 5.32%, 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 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Affirm this week, compared to 3 articles on an average week.

Search Interest

116 people have searched for AFRM on MarketBeat in the last 30 days. This is an increase of 41% compared to the previous 30 days.

MarketBeat Follows

22 people have added Affirm to their MarketBeat watchlist in the last 30 days. This is an increase of 38% 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 $27,315,878.00 in company stock.

Percentage Held by Insiders

12.41% 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 increased by 33.8% and is now trading at $65.75.
View the best growth stocks for 2024 here.

How were Affirm's earnings last quarter?

Affirm Holdings, Inc. (NASDAQ:AFRM) issued its earnings results on Thursday, November, 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. The business earned $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative net margin of 17.67% and a negative trailing twelve-month return on equity of 12.57%.

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 a price of $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 shareholders include Baillie Gifford & Co. (3.19%), Geode Capital Management LLC (1.27%), Spyglass Capital Management LLC (0.75%) and Charles Schwab Investment Management Inc. (0.71%). Insiders that own company stock include Private Ltd Gic, Libor Michalek, Christa S Quarles, Michael Linford, Katherine Adkins, Keith Rabois and Robert O'hare.
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.

What other stocks do shareholders of Affirm own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Affirm investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), CrowdStrike (CRWD), Salesforce (CRM) and Adobe (ADBE).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 2/13/2025
• 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: $46.85
• High Stock Price Target: $69.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: -29.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.42
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.42)
• 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: -17.67%
• Pretax Margin: -17.55%
• Return on Equity: -12.57%
• Return on Assets: -3.59%

Debt

• Debt-to-Equity Ratio: 2.50
• Current Ratio: 12.60
• Quick Ratio: 12.60

Sales & Book Value

• Annual Sales: $2.32 billion
• Price / Sales: 8.95
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $9.03 per share
• Price / Book: 7.33

Miscellaneous

• Outstanding Shares: 314,060,000
• Free Float: 275,082,000
• Market Cap: $20.78 billion
• Optionable: Optionable
• Beta: 3.47