Affirm (NASDAQ:AFRM) Price Target Raised to $90.00

Affirm (NASDAQ:AFRM) had its price target hoisted by The Goldman Sachs Group from $78.00 to $90.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Bank of America upped their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, December 16th. William Blair began coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating for the company. Mizuho increased their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and lifted their price target for the company from $20.00 to $61.00 in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.24.

Affirm Stock Performance

Affirm stock opened at $77.75 on Monday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a 50 day moving average of $63.27 and a 200-day moving average of $49.84. The stock has a market cap of $24.42 billion, a P/E ratio of -119.62 and a beta of 3.66. Affirm has a 52 week low of $22.25 and a 52 week high of $79.67.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.29%. On average, analysts expect that Affirm will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 79,039 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Libor Michalek sold 100,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $62.00, for a total value of $6,200,000.00. Following the completion of the sale, the president now owns 159,449 shares of the company’s stock, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,038,626 shares of company stock valued at $70,690,871 in the last quarter. Corporate insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Affirm during the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its stake in Affirm by 356.5% during 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 last quarter. R Squared Ltd bought a new stake in Affirm during the fourth quarter worth approximately $33,000. Advisors Asset Management Inc. grew its position in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares in the last quarter. 69.29% of the stock is 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.