Affirm Holdings, Inc. (NASDAQ:AFRM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $64.15.

A number of analysts have recently commented on AFRM shares. Barclays boosted their target price on shares of Affirm from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Seaport Res Ptn upgraded shares of Affirm to a “hold” rating in a report on Monday, March 24th. Bank of America boosted their target price on shares of Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of Affirm from $74.00 to $69.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Finally, Evercore ISI started coverage on shares of Affirm in a report on Wednesday, April 9th. They set an “outperform” rating and a $50.00 target price on the stock.

Affirm Stock Up 5.8%

Shares of NASDAQ AFRM opened at $58.92 on Monday. The company has a market cap of $19.01 billion, a price-to-earnings ratio of -90.65 and a beta of 3.58. The firm’s fifty day moving average is $47.85 and its 200 day moving average is $56.95. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. 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 (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. The business had revenue of $783.14 million for the quarter, compared to analysts’ expectations of $782.98 million. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.43) earnings per share. On average, equities research analysts expect that Affirm will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Rabois sold 16,089 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the completion of the sale, the director now owns 29,343 shares in the company, valued at approximately $1,496,493. The trade was a 35.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,677 shares of company stock valued at $1,665,545 in the last three months. 11.82% of the stock is currently owned by corporate insiders.

Institutional Trading of Affirm

Several hedge funds have recently bought and sold shares of AFRM. Itau Unibanco Holding S.A. bought a new position in shares of Affirm during the 4th quarter valued at approximately $28,000. Geneos Wealth Management Inc. boosted 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 bought a new position in shares of Affirm during the 4th quarter valued at approximately $33,000. Allworth Financial LP boosted its position in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Affirm during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.