Brokerages Set Affirm Holdings, Inc. (NASDAQ:AFRM) Price Target at $70.24

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $70.24.

A number of research firms recently issued reports on AFRM. Wells Fargo & Company lifted their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Affirm from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and raised their target price for the company from $20.00 to $61.00 in a report on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th.

Insider Activity

In other news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now directly owns 137,325 shares in the company, valued at approximately $10,986,000. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 579,111 shares of company stock valued at $40,020,081 in the last ninety days. 12.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in Affirm in the 4th quarter valued at $28,000. Geneos Wealth Management Inc. increased its stake in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd purchased a new position in Affirm during the fourth quarter worth about $33,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm in the fourth quarter valued at about $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Affirm in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Up 0.9 %

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

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that Affirm will post -0.18 earnings per share 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.