Why Affirm Holdings Stock Is Climbing Higher Today

Affirm Holdings, Inc. AFRM shares are trading higher Thursday after the company reported better-than-expected first-quarter financial results after the market close on Wednesday.

What To Know:

Affirm Holdings reported quarterly losses of 57 cents per share, beating the analyst consensus estimate of a loss of 70 cents per share by 18.57%  and representing a 33.72% increase year-over-year.

The company reported quarterly sales of $496.55 million for a 37.31% year-over-year increase and beating the consensus estimate of $444.77 million by 11.64%.

Following the earnings report, Wells Fargo analyst Andrew Bauch maintained Affirm Holdings with an Equal-Weight and raised the price target from $17 to $20.

Wedbush analyst David Chiaverini maintained Affirm Holdings with an Underperform and raised the price target from $10 to $15.

Affirm holdings shares are up on heavy trading volume as investors digest the earnings report. According to data from Benzinga Pro, more than 23.57 million shares have already been traded in the session, surpassing the stock's 100-day average volume of 14.32 million shares.

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AFRM Price Action: According to Benzinga Pro, Affirm Holdings shares are up 17% at $25.49 at the time of publication.

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