Affirm (AFRM) to Release Earnings on Wednesday

Affirm (NASDAQ:AFRM) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 28th. Analysts expect Affirm to post earnings of ($0.45) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $31.46 on Monday. Affirm has a fifty-two week low of $13.74 and a fifty-two week high of $52.48. The company has a 50 day simple moving average of $28.83 and a two-hundred day simple moving average of $32.61. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of -14.11 and a beta of 3.45. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94.

Insider Activity

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $29.89, for a total value of $277,259.64. Following the transaction, the director now directly owns 73,623 shares in the company, valued at approximately $2,200,591.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. JMP Securities assumed coverage on shares of Affirm in a research note on Friday, June 28th. They set a “market perform” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $42.00 price target on shares of Affirm in a research note on Monday, June 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $43.00 price target on shares of Affirm in a research note on Friday, May 24th. Finally, Bank of America upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.97.

About Affirm

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.