In Friday’s Wall Street session, Affirm Holdings Inc (NASDAQ:AFRM) shares traded at $31.59, down -9.25% from the previous session.
AFRM stock price is now -8.56% away from the 50-day moving average and 3.50% away from the 200-day moving average. The market capitalization of the company currently stands at $9.63B.
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With the price target enhanced from $41 to $43, JP Morgan Upgraded its rating from Neutral to Overweight for Affirm Holdings Inc (NASDAQ: AFRM)., while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Rabois Keith, Director sold 9,276 shares of the company’s stock on May 01 ’24. The stock was sold for $297,902 at an average price of $32.12. Upon completion of the transaction, the Director now directly owns 60,000 shares in the company, valued at $1.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Director Rabois Keith sold 9,276 shares of the business’s stock. A total of $327,412 was realized by selling the stock at an average price of $35.30. This leaves the insider owning 69,276 shares of the company worth $2.19 million. A total of 19.95% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $11.57 and a high of $52.48. As of last week, the company has a debt-to-equity ratio of 2.39, a current ratio of 14.54, and a quick ratio of 14.54.
According to the Software – Infrastructure Company, earnings per share came in at -0.69, beating analysts’ expectations of -0.85 by 0.16. This compares to -$0.69 EPS in the same period last year. The net profit margin was -32.17% and return on equity was -26.43% for AFRM. The company reported revenue of $576.16 million for the quarter, compared to $380.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.23 percent. For the current quarter, analysts expect AFRM to generate $595.16M in revenue.
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