Affirm Holdings, Inc. (NASDAQ:AFRM – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $97.69.
AFRM has been the topic of several research analyst reports. Sanford C. Bernstein boosted their price objective on Affirm from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Needham & Company LLC set a $85.00 target price on Affirm in a research report on Wednesday, September 16th. Royal Bank Of Canada lifted their target price on Affirm from $80.00 to $96.00 and gave the company a “sector perform” rating in a research note on Friday, August 28th. Cantor Fitzgerald lifted their target price on Affirm from $88.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, August 31st. Finally, Weiss Ratings raised Affirm from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 28th.
Get Our Latest Research Report on Affirm
Insider Activity at Affirm
In other news, CAO Siphelele Jiyane sold 26,980 shares of Affirm stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $72.19, for a total transaction of $1,947,686.20. Following the sale, the chief accounting officer owned 188,711 shares in the company, valued at $13,623,047.09. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert O’Hare sold 65,591 shares of Affirm stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $80.02, for a total transaction of $5,248,591.82. Following the sale, the chief financial officer owned 2,734 shares in the company, valued at approximately $218,774.68. The trade was a 96.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 280,118 shares of company stock valued at $22,223,307. Corporate insiders own 11.01% of the company’s stock.
Hedge Funds Weigh In On Affirm
Several institutional investors have recently bought and sold shares of AFRM. Rhodes Investment Advisors Inc. ADV grew its position in Affirm by 1.3% during the 3rd quarter. Rhodes Investment Advisors Inc. ADV now owns 11,378 shares of the company’s stock worth $788,000 after purchasing an additional 149 shares during the period. Mather Group LLC. raised its stake in shares of Affirm by 52.9% during the 3rd quarter. Mather Group LLC. now owns 613 shares of the company’s stock valued at $42,000 after buying an additional 212 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock valued at $444,000 after buying an additional 340 shares during the period. IFP Advisors Inc lifted its holdings in shares of Affirm by 9.2% in the 2nd quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock valued at $333,000 after buying an additional 343 shares during the period. Finally, ABN Amro Investment Solutions lifted its holdings in shares of Affirm by 3.6% in the 1st quarter. ABN Amro Investment Solutions now owns 10,931 shares of the company’s stock valued at $501,000 after buying an additional 378 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.
Affirm Stock Down 1.6%
Shares of AFRM stock opened at $72.80 on Thursday. The company has a market capitalization of $24.56 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 2.97 and a beta of 3.82. Affirm has a one year low of $42.10 and a one year high of $90.44. The company’s fifty day moving average price is $73.60 and its 200-day moving average price is $70.73. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80.
Affirm (NASDAQ:AFRM – Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.20 EPS. Affirm’s revenue for the quarter was up 33.1% on a year-over-year basis. Sell-side analysts expect that Affirm will post 1.91 EPS for the current fiscal year.
Affirm Company Profile
Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.
Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.
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