Affirm (NASDAQ:AFRM) Stock Rating Upgraded by Compass Point

Compass Point upgraded shares of Affirm (NASDAQ:AFRM) from a neutral rating to a buy rating in a research note published on Wednesday, Marketbeat reports. Compass Point currently has $64.00 price target on the stock, up from their prior price target of $61.00.

AFRM has been the subject of several other reports. Mizuho raised their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. JMP Securities lifted their price objective on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Friday, February 7th. Morgan Stanley lifted their price objective on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Finally, UBS Group boosted their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.76.

Affirm Stock Performance

Shares of AFRM stock opened at $49.90 on Wednesday. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of -76.77 and a beta of 3.63. The company’s 50 day moving average is $60.68 and its 200 day moving average is $55.93. 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 has a 52-week low of $22.25 and a 52-week high of $82.53.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating 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 7.25%. On average, sell-side analysts anticipate that Affirm will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares of the company’s stock, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the sale, the director now directly owns 93,694 shares of the company’s stock, valued at $5,839,010.08. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,301 shares of company stock valued at $3,920,543. Corporate insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently modified their holdings of AFRM. Hanseatic Management Services Inc. boosted its position in Affirm by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock worth $109,000 after acquiring an additional 194 shares during the last quarter. KBC Group NV boosted its position in Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after acquiring an additional 222 shares during the last quarter. CIBC Asset Management Inc boosted its position in Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Affirm by 29.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after purchasing an additional 325 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock valued at $46,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other 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.