Affirm (NASDAQ:AFRM – Get Free Report) had its target price lifted by equities research analysts at TD Cowen from $90.00 to $117.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 37.37% from the company’s previous close.
A number of other research firms have also weighed in on AFRM. Citizens Jmp dropped their price target on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of Affirm in a research report on Friday, May 8th. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, May 26th. Cantor Fitzgerald lifted their target price on shares of Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Robert W. Baird set a $70.00 target price on shares of Affirm in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus target price of $88.48.
View Our Latest Analysis on AFRM
Affirm Stock Down 0.7%
Affirm (NASDAQ:AFRM – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million for the quarter, compared to the consensus estimate of $995.27 million. During the same period in the previous year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. Sell-side analysts anticipate that Affirm will post 1.24 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $80.04, for a total value of $8,004,000.00. Following the transaction, the chief operating officer directly owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. The trade was a 45.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the transaction, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,000 shares of company stock worth $8,244,000 over the last quarter. Company insiders own 11.01% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Greenline Wealth Management LLC bought a new stake in shares of Affirm in the 4th quarter worth approximately $26,000. Syntegra Private Wealth Group LLC bought a new position in Affirm during the first quarter valued at $28,000. Triumph Capital Management bought a new position in Affirm during the third quarter valued at $31,000. CoreCap Advisors LLC increased its position in Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after buying an additional 358 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new stake in Affirm in the fourth quarter worth $33,000. 69.29% of the stock is owned by institutional investors.
About Affirm
Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.
Further Reading
- Five stocks we like better than Affirm
- GE Vernova’s Power Surge Turns the Grid Into an AI Trade
- Orbiting Capital: Lawmakers Buy SpaceX Ahead of Index Inclusion
- Big Beautiful Boycott: Can It Really Hurt Coca-Cola, Amazon, and Kraft Heinz Stocks?
- 3 Stocks With Solid Yields and Sustainabale Payouts Boost Dividends Once Again
Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.com's FREE daily email newsletter.
