Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given a consensus rating of “Hold” by the nineteen brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $46.85.

A number of brokerages have commented on AFRM. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, October 8th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Bank of America boosted their target price on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays raised their price target on shares of Affirm from $54.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th.

Insider Buying and Selling at Affirm

In other news, President Libor Michalek sold 100,000 shares of Affirm stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $62.00, for a total value of $6,200,000.00. Following the completion of the transaction, the president now owns 159,449 shares in the company, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,738 shares of company stock worth $27,315,878 in the last 90 days. 12.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Affirm

Several institutional investors and hedge funds have recently bought and sold shares of AFRM. Arete Wealth Advisors LLC bought a new position in Affirm during the 3rd quarter worth $244,000. Y Intercept Hong Kong Ltd bought a new position in shares of Affirm in the third quarter valued at approximately $1,618,000. Main Management ETF Advisors LLC bought a new stake in shares of Affirm in the 3rd quarter worth $2,629,000. XTX Topco Ltd boosted its position in shares of Affirm by 25.5% during the 3rd quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock valued at $2,206,000 after purchasing an additional 10,970 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Affirm by 127.3% during the third quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock worth $180,000 after buying an additional 2,470 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of AFRM stock opened at $63.19 on Thursday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm has a 12-month low of $22.25 and a 12-month high of $64.56. The company has a market cap of $19.85 billion, a price-to-earnings ratio of -44.50 and a beta of 3.47. The stock has a 50 day simple moving average of $45.96 and a 200-day simple moving average of $36.30.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period last year, the firm earned ($0.57) EPS. On average, equities analysts forecast that Affirm will post -0.53 EPS for the current year.

Affirm Company Profile

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.