Affirm (NASDAQ:AFRM) Rating Increased to Hold at Seaport Res Ptn

Affirm (NASDAQ:AFRM) was upgraded by equities researchers at Seaport Res Ptn to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. UBS Group upped their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their target price on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Barclays increased their price target on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Morgan Stanley upped their target price on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

Affirm Price Performance

NASDAQ:AFRM opened at $52.54 on Monday. The firm’s fifty day moving average is $60.63 and its two-hundred day moving average is $56.23. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of -80.83 and a beta of 3.63. Affirm has a one year low of $22.25 and a one year high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Research analysts expect that Affirm will post -0.18 EPS for the current year.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52. Following the transaction, the director now directly owns 93,694 shares in the company, valued at $5,839,010.08. This trade represents a 14.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was 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. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock valued at $3,920,543 over the last ninety days. Insiders own 12.41% of the company’s stock.

Hedge Funds Weigh In On Affirm

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new position in Affirm in the fourth quarter worth $28,000. Geneos Wealth Management Inc. boosted its position in 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 purchasing an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in Affirm in the fourth quarter valued at $33,000. Coppell Advisory Solutions LLC acquired a new position in shares of Affirm during the 4th quarter worth $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Affirm in the 4th quarter worth about $43,000. Institutional investors and hedge funds 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.