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

Affirm Holdings, Inc. (NASDAQ:AFRM) has been assigned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $70.24.

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, February 10th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $61.00 in a research report on Tuesday, January 28th. JMP Securities increased their price target on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley lifted their price objective on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th.

Affirm Stock Up 0.9 %

Shares of NASDAQ AFRM opened at $64.54 on Friday. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of -99.29 and a beta of 3.66. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The firm has a 50-day moving average price of $64.38 and a 200 day moving average price of $53.72. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Affirm will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, President Libor Michalek sold 2,847 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $70.00, for a total transaction of $199,290.00. Following the completion of the sale, the president now owns 159,449 shares of the company’s stock, valued at approximately $11,161,430. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Linford sold 400,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $68.99, for a total value of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at $5,893,125.80. This represents a 82.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 579,111 shares of company stock worth $40,020,081 in the last quarter. 12.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Affirm in the 4th quarter valued at $28,000. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 410 shares during the period. R Squared Ltd acquired a new position in shares of Affirm during the fourth quarter worth about $33,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Affirm in the fourth quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Affirm in the fourth quarter valued at about $43,000. 69.29% of the stock is owned by institutional investors and hedge funds.

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.