Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We sell different types of products and services to both investment professionals and individual investors. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. As the buy-now, pay-later space reaches maturity, competition among providers could increase, leading to lower merchant payment rates for Affirm’s 0% financing options. We are initiating coverage of Affirm, a leading buy-now, pay-later firm in the United States.
- CFO O’Hare said that the business is performing in line with expectations and he was bullish on continued share gains even as the company faces difficult comparisons in the e-commerce market.
- Farther Finance Advisors LLC increased its holdings in shares of Affirm by 13.2% in the 3rd quarter.
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- Despite their growth rates, credit risk is likely to rise if the labor market continues to struggle, and there are signs of weakness in the credit market, including rising auto delinquencies.
The trade was a 85.69% decrease in their ownership of the stock. Several equities research analysts have recently weighed in on AFRM shares. Select reference data provided by FactSet.
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Discussing Affirm’s latest partnership announcement and its 44% stock increase. The company was founded by Max R. Levchin in 2012 and is headquartered in San Francisco, CA. How much is Affirm stock worth today? The company was founded in 2012 and is headquartered in San Francisco, California. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel, apparel, accessories, consumer electronics, and jewelry.
Historical Prices for Affirm Holdings
Yousif Capital Management LLC now owns 3,243 shares of the company’s stock valued at $237,000 after purchasing an additional 158 shares during the last quarter. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Also, CFO Robert O’hare sold 8,189 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd.
Latest Rating
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Cost basis and return based on previous market day close. Credit trends remained steady in the quarter as well, and delinquency rates are in line with previous years. The gains in Affirm stock came in two stages on Tuesday.
Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating on the company. Select market data provided by ICE Data Services. Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce. How much is Affirm’s stock price https://xcritical.solutions/ per share? Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. Register for your free account today at data.nasdaq.com.
Financial Performance
- Affirm is upgraded to a BUY, driven by robust top-line growth, disciplined credit quality, and expanding partnerships with major tech platforms.
- Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the last quarter.
- The latest short interest is 15.27 million, so 4.63% of the outstanding shares have been sold short.
- Select to analyze similar companies using key performance metrics; select up to 4 stocks.
Levchin suggested the buy now, pay later outfit benefits from not charging its customers late fees. Despite positive growth indicators, analysts maintain a cautious outlook due to high valuations and competitive pressures. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California. Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally.
On average, equities research analysts anticipate that Affirm will post -0.18 EPS for the xcritical fiscal year. The company had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. Finally, Apollon Wealth Management LLC boosted its holdings in Affirm by 3.5% during the third quarter. Yousif Capital xcritical reviews Management LLC lifted its position in Affirm by 5.1% in the 3rd quarter. Large investors have recently added to or reduced their stakes in the company.
Despite their growth rates, credit risk is likely to rise if the labor market continues to struggle, and there are signs of weakness in the credit market, including rising auto delinquencies. O’Hare also dismissed third-party data that led to a 7% decline last week as having “significant tracking errors,” and said the company is delivering healthy quarter-to-date trends. Other BNPL and fintech stocks, including Sezzle and Lemonade, also jumped today, benefiting from a share buyback announcement and an upgrade, respectively. The stock surged at the open, seemingly in response to a downbeat jobs report, and then jumped again after noon, which appeared to be prompted by comments from the fireside chat today.
Valuation Ratios
According to reports, the analyst believes that Affirm stock was unfairly penalized due to recently released third-party data. While Affirm xcritically has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… GAMMA Investing LLC now owns 4,850 shares of the company’s stock worth $354,000 after buying an additional 206 shares during the last quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the last quarter.
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Eric Volkman has no position in any of the stocks mentioned. Assuming that’s the case, Affirm appears to be on its way to delivering the consensus analyst estimate for 31% year-over-year growth in gross merchandise value (GMV) in its xcritical quarter, Frisch wrote. According to him, quarter-to-date trends are looking quite favorable for its business. The buy-now, pay later (BNPL) specialist saw a nearly 12% increase in its share price following comments from one of the company’s top managers, as well as an analyst price target upgrade. On Tuesday, many investors chose to buy Affirm Holdings (AFRM 3.70%) stock.
Financial Health
It has active merchants covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. The market data on this page is xcritically delayed. This stock does not have any record of stock splits. There are several formulas that can be used to estimate the intrinsic value of a stock. Gross margin is 47.76%, with operating and profit margins of 3.15% and 6.74%.
Affirm Stock Snapshot
Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months. According to 28 analysts, the average rating for AFRM stock is “Buy.” The 12-month stock price target is $85.26, which is an increase of 12.72% from the latest price. The beta is 3.58, so Affirm Holdings’s price volatility has been higher than the market average.
The BNPL sector is still risky, and there’s a reason why investors have treated these stocks cautiously. In response to the update, the BNPL stock got a bullish note from Evercore ISI, which reiterated its outperform rating and maintained a price target of $95. CFO O’Hare said that the business is performing in line with expectations and he was bullish on continued share gains even as the company faces difficult comparisons in the e-commerce market. Affirm CEO Max Levchin says consumers are shopping, paying their bills and are energized for the holiday season. Max Levchin, Affirm founder and CEO, joins ‘Mad Money’ host Jim Cramer to talk quarterly results, consumer trends, growth opportunities, and more. Revolve Group, a fashion retailer for millennial and Generation Z consumers, now offers Affirm’s flexible payment options to shoppers in Canada and the United Kingdom.
AFRM posted 42% YoY GMV growth and 34% revenue growth, with GAAP operating margins exceeding ex… Affirm features strong growth, improving profitability, and leadership in the buy now, pay later sector. Klarna is expected to post solid short-term performance as consumers increasingly turn to Buy Now Pay Later programs amid economic stress. Pacsun is teaming up with Affirm to give shoppers a simple, transparent way to pay over time — just in time for the season’s best … Affirm is upgraded to a BUY, driven by robust top-line growth, disciplined credit quality, and expanding partnerships with major tech platforms. Select to analyze similar companies using key performance metrics; select up to 4 stocks.