Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned a consensus rating of “Moderate Buy” from the twenty-three research firms that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $66.74.

AFRM has been the topic of several recent analyst reports. Evercore ISI started coverage on Affirm in a research note on Wednesday, April 9th. They issued an “outperform” rating and a $50.00 price target on the stock. JMP Securities boosted their target price on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. Compass Point upgraded shares of Affirm from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $64.00 in a research report on Wednesday, March 19th. Royal Bank of Canada boosted their price target on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, Barclays lifted their target price on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the transaction, the director now owns 61,520 shares of the company’s stock, valued at approximately $3,935,434.40. This represents a 20.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares of the company’s stock, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock worth $3,241,246 over the last ninety days. Company insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Affirm during the fourth quarter worth $28,000. Geneos Wealth Management Inc. grew its stake in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd bought a new stake in shares of Affirm in the fourth quarter worth about $33,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Affirm during the fourth quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm in the 4th quarter valued at approximately $43,000. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Up 3.2 %

Shares of Affirm stock opened at $42.07 on Friday. The company’s fifty day moving average price is $52.84 and its two-hundred day moving average price is $56.13. The firm has a market capitalization of $13.38 billion, a PE ratio of -64.72 and a beta of 3.68. Affirm has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts expect that Affirm will post -0.18 EPS for the current year.

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.