Key Points
- Insider sale: Affirm director Noel Bertram Watson sold 2,000 shares at an average price of $65, totaling $130,000. The trade was made under a pre-arranged Rule 10b5-1 plan, and he still held 36,076 shares afterward.
- Strong quarterly results: Affirm reported quarterly EPS of $0.30, beating estimates of $0.17, while revenue rose 32.7% year over year to $943.95 million. Revenue came in below analyst expectations, but the earnings beat highlighted improving profitability.
- Bullish analyst sentiment: Several firms raised price targets, including Mizuho to $100, and the stock currently carries a consensus Moderate Buy rating with an average target of $86.00. Shares were also trading higher on the day, reflecting continued investor optimism.
Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Noel Bertram Watson also recently made the following trade(s):
- On Tuesday, April 14th, Noel Bertram Watson sold 2,000 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total transaction of $110,000.00.
Affirm Trading Up 6.4%
AFRM stock opened at $67.57 on Friday. The company's 50-day simple moving average is $54.40 and its 200-day simple moving average is $62.86. The company has a quick ratio of 11.41, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. The firm has a market cap of $22.51 billion, a P/E ratio of 61.43, a PEG ratio of 4.03 and a beta of 3.72.
Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. During the same period in the prior year, the company posted $0.01 EPS. The company's revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities analysts forecast that Affirm Holdings, Inc. will post 1.13 EPS for the current fiscal year.
More Affirm News
Here are the key news stories impacting Affirm this week:
- Positive Sentiment: Mizuho raised its price target on Affirm to $100 from $95 and kept an Outperform rating, citing the company’s $100 billion gross merchandise volume goal and strong long-term growth outlook. Mizuho Hikes Affirm Price Target to $100 as $100 Billion GMV Goal Powers Bull Case
- Positive Sentiment: Jim Cramer called Affirm “a very profitable business” and said the company is “doing the right thing with AI,” reinforcing the bullish investor narrative around its product and platform strategy. Jim Cramer on Affirm: “This Is Now a Very Profitable Business”
- Positive Sentiment: Analyst coverage from multiple outlets pointed to bullish views on Affirm within the financial sector, adding to the sense that Wall Street expects continued execution and growth. Analysts Are Bullish on These Financial Stocks: Affirm Holdings (AFRM), Figure Technology Solutions, Inc. Class A (FIGR)
- Positive Sentiment: Coverage highlighted Affirm’s move into AI-enabled commerce and a partnership with Google to simplify installment payments in AI shopping, which could expand usage and merchant adoption over time. Can Affirm and Google Simplify Payments in AI Shopping?
- Neutral Sentiment: Affirm’s investor day emphasized a long-term expansion blueprint, including new products and international growth, but the market reaction was mixed and shares were reported lower after the event. Affirm Unveils Aggressive Expansion Blueprint
- Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares in a pre-arranged transaction, which can slightly weigh on sentiment even though the sale was under a 10b5-1 plan. Insider trade disclosure for Noel Bertram Watson
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on AFRM shares. Bank of America upped their price target on shares of Affirm from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday. Cantor Fitzgerald upped their price target on shares of Affirm from $61.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Mizuho upped their price target on shares of Affirm from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna restated a "positive" rating and set a $100.00 price target on shares of Affirm in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Affirm from $79.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.00.
Read Our Latest Stock Analysis on AFRM
Institutional Trading of Affirm
Hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company's stock valued at $25,000 after buying an additional 178 shares during the period. Greenline Wealth Management LLC purchased a new position in shares of Affirm during the 4th quarter worth approximately $26,000. Syntegra Private Wealth Group LLC purchased a new position in shares of Affirm during the 1st quarter worth approximately $28,000. Triumph Capital Management purchased a new position in shares of Affirm during the 3rd quarter worth approximately $31,000. Finally, CoreCap Advisors LLC boosted its position in shares of Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company's stock worth $33,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 69.29% of the company's stock.
About Affirm
(
Get Free Report)
Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.
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