Brokerages Set Affirm Holdings, Inc. (NASDAQ:AFRM) Target Price at $61.88

Affirm Holdings, Inc. (NASDAQ:AFRM) has been assigned an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $62.88.

AFRM has been the subject of a number of recent research reports. Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price for the company. in a research note on Tuesday, January 21st. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $61.00 in a report on Tuesday, January 28th. Barclays upped their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, Morgan Stanley upped their price objective on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th.

Affirm Price Performance

Shares of Affirm stock opened at $59.88 on Tuesday. The firm has a fifty day moving average price of $63.36 and a two-hundred day moving average price of $48.46. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The company has a market cap of $18.81 billion, a PE ratio of -42.17 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period last year, the business earned ($0.57) earnings per share. Analysts expect that Affirm will post -0.62 EPS for the current year.

Insider Activity

In related news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the transaction, the director now owns 93,694 shares in the company, valued at $5,839,010.08. This trade represents a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This represents a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,323,478 shares of company stock valued at $86,285,371. Company insiders own 12.41% of the company’s stock.

Hedge Funds Weigh In On Affirm

Several large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Affirm during the fourth quarter worth $33,000. ORG Wealth Partners LLC bought a new stake in Affirm in the third quarter valued at about $29,000. Bogart Wealth LLC acquired a new position in Affirm in the fourth quarter valued at about $61,000. Finally, Valley National Advisers Inc. bought a new position in Affirm during the fourth quarter worth about $61,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

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.