Affirm (NASDAQ:AFRM) Now Covered by Susquehanna

Susquehanna began coverage on shares of Affirm (NASDAQ:AFRM) in a research note released on Friday morning, MarketBeat Ratings reports. The firm issued a positive rating and a $52.00 target price on the stock.

A number of other equities analysts have also recently commented on the stock. Barclays boosted their price target on shares of Affirm from $41.00 to $50.00 and gave the stock an overweight rating in a research note on Friday, August 30th. BTIG Research assumed coverage on Affirm in a research note on Friday, June 7th. They issued a neutral rating on the stock. The Goldman Sachs Group reaffirmed a buy rating and set a $42.00 price target on shares of Affirm in a research note on Monday, June 24th. Needham & Company LLC reiterated a hold rating on shares of Affirm in a report on Friday, September 6th. Finally, Royal Bank of Canada raised their price objective on Affirm from $43.00 to $46.00 and gave the company a sector perform rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $35.53.

Affirm Price Performance

AFRM stock opened at $44.67 on Friday. The firm has a 50 day moving average of $33.27 and a 200-day moving average of $32.75. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $13.81 billion, a P/E ratio of -20.03 and a beta of 3.51. Affirm has a 12 month low of $15.97 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The firm had revenue of $659.19 million during the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. As a group, sell-side analysts predict that Affirm will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Affirm news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now directly owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The disclosure for this sale can be found here. Insiders sold 121,351 shares of company stock valued at $5,081,045 over the last quarter. 13.05% of the stock is owned by company insiders.

Institutional Trading of Affirm

Hedge funds have recently modified their holdings of the business. Global Wealth Strategies & Associates boosted its position in shares of Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC raised its position in shares of Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Affirm in the 4th quarter worth about $33,000. Finally, Myecfo LLC grew its position in Affirm by 6.1% during the 2nd quarter. Myecfo LLC now owns 11,671 shares of the company’s stock valued at $353,000 after purchasing an additional 676 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

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.