Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have earned an average rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat reports. Seven 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 on the company. The average 1-year price target among brokers that have covered the stock in the last year is $69.76.

A number of equities analysts have recently issued reports on AFRM shares. The Goldman Sachs Group cut their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Barclays increased their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Morgan Stanley raised their price target on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Finally, Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. The trade was 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 worth $3,920,543 in the last quarter. Insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in Affirm in the 4th quarter valued at approximately $28,000. Geneos Wealth Management Inc. grew its stake in Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares in the last quarter. R Squared Ltd purchased a new position in Affirm in the 4th quarter valued at approximately $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm in the 4th quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Affirm in the 4th quarter valued at approximately $43,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Performance

Shares of Affirm stock opened at $49.90 on Wednesday. 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 business has a 50-day moving average price of $60.68 and a two-hundred day moving average price of $56.14. Affirm has a 1-year low of $22.25 and a 1-year high of $82.53. The company has a market cap of $15.87 billion, a P/E ratio of -76.77 and a beta of 3.63.

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