Q3 2022 Earnings Estimate for Affirm Holdings, Inc. (NASDAQ:AFRM) Issued By Jefferies Financial Group

Affirm Holdings, Inc. (NASDAQ:AFRMGet Rating) – Jefferies Financial Group upped their Q3 2022 earnings estimates for Affirm in a research note issued to investors on Tuesday, April 19th. Jefferies Financial Group analyst J. Hecht now anticipates that the company will earn ($0.38) per share for the quarter, up from their previous forecast of ($0.41). Jefferies Financial Group has a “Underperform” rating and a $45.00 price target on the stock. Jefferies Financial Group also issued estimates for Affirm’s Q4 2022 earnings at ($0.36) EPS, FY2022 earnings at ($2.44) EPS, Q3 2023 earnings at ($0.38) EPS and Q4 2023 earnings at ($0.25) EPS.

Several other equities analysts have also issued reports on AFRM. Truist Financial dropped their target price on shares of Affirm from $100.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Affirm from $170.00 to $70.00 in a report on Wednesday, January 19th. Zacks Investment Research upgraded shares of Affirm from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Morgan Stanley dropped their target price on shares of Affirm from $140.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, March 23rd. Finally, Loop Capital started coverage on shares of Affirm in a report on Wednesday, January 19th. They issued a “hold” rating and a $72.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $82.25.

AFRM stock opened at $31.16 on Thursday. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of -9.62 and a beta of 2.79. The company has a quick ratio of 7.12, a current ratio of 7.12 and a debt-to-equity ratio of 1.62. Affirm has a 12-month low of $26.02 and a 12-month high of $176.65. The company’s fifty day simple moving average is $38.79 and its 200 day simple moving average is $85.80.

Affirm (NASDAQ:AFRMGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.13). The business had revenue of $361.00 million for the quarter, compared to analyst estimates of $333.07 million. Affirm had a negative return on equity of 22.95% and a negative net margin of 74.96%. Affirm’s revenue for the quarter was up 77.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.45) EPS.

Several hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors lifted its stake in shares of Affirm by 33.9% during the 4th quarter. Capital Research Global Investors now owns 19,364,986 shares of the company’s stock valued at $1,947,384,000 after buying an additional 4,906,839 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Affirm by 51.3% during the 4th quarter. Baillie Gifford & Co. now owns 16,314,513 shares of the company’s stock worth $1,640,587,000 after acquiring an additional 5,530,698 shares during the period. Morgan Stanley increased its holdings in Affirm by 158.4% during the 3rd quarter. Morgan Stanley now owns 5,423,850 shares of the company’s stock worth $646,141,000 after acquiring an additional 3,324,709 shares during the period. BlackRock Inc. increased its holdings in Affirm by 108.7% during the 4th quarter. BlackRock Inc. now owns 3,748,719 shares of the company’s stock worth $376,972,000 after acquiring an additional 1,952,615 shares during the period. Finally, Jennison Associates LLC increased its holdings in Affirm by 1.1% during the 4th quarter. Jennison Associates LLC now owns 2,489,897 shares of the company’s stock worth $250,384,000 after acquiring an additional 28,282 shares during the period. Institutional investors own 43.24% of the company’s stock.

In other Affirm news, CFO Michael Linford sold 48,150 shares of the business’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $65.96, for a total value of $3,175,974.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Private Ltd Gic bought 1,091,738 shares of the company’s stock in a transaction on Thursday, April 21st. The stock was bought at an average price of $33.33 per share, for a total transaction of $36,387,627.54. Following the completion of the purchase, the insider now owns 2,785,714 shares of the company’s stock, valued at $92,847,847.62. The disclosure for this purchase can be found here. Insiders own 16.48% of the company’s stock.

Affirm Company Profile (Get Rating)

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. 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.

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Earnings History and Estimates for Affirm (NASDAQ:AFRM)

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