Brokerages Set Affirm Holdings, Inc. (NASDAQ:AFRM) Price Target at $60.94

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $60.94.

A number of equities analysts recently commented on AFRM shares. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Susquehanna increased their price target on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Mizuho lifted their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $82.00 in a research note on Thursday, December 19th.

Affirm Price Performance

AFRM opened at $66.50 on Friday. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of -46.83 and a beta of 3.66. 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 $73.34. The business’s fifty day simple moving average is $61.37 and its 200-day simple moving average is $44.34.

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

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold a total of 1,323,478 shares of company stock worth $86,285,371 over the last three months. 12.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Affirm

Several large investors have recently made changes to their positions in AFRM. ORG Wealth Partners LLC acquired a new position in shares of Affirm in the third quarter worth about $29,000. Advisors Asset Management Inc. increased its stake in shares of Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in Affirm in the third quarter valued at approximately $65,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

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.