Affirm (NASDAQ:AFRM) Given Buy Rating at Mizuho

Mizuho reiterated their buy rating on shares of Affirm (NASDAQ:AFRM) in a research report sent to investors on Thursday morning, Benzinga reports. Mizuho currently has a $65.00 target price on the stock.

A number of other research analysts have also weighed in on the company. BTIG Research assumed coverage on Affirm in a report on Friday, June 7th. They issued a neutral rating on the stock. BMO Capital Markets decreased their price objective on Affirm from $48.00 to $46.00 and set a market perform rating on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. upgraded Affirm from a neutral rating to an overweight rating and raised their price objective for the company from $41.00 to $43.00 in a report on Thursday, May 9th. Barclays decreased their price objective on Affirm from $50.00 to $41.00 and set an overweight rating on the stock in a report on Tuesday, April 16th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $43.00 price target on shares of Affirm in a report on Friday, May 24th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Affirm presently has a consensus rating of Hold and a consensus price target of $31.28.

Affirm Trading Down 1.3 %

Shares of NASDAQ:AFRM opened at $30.14 on Thursday. Affirm has a 1 year low of $12.81 and a 1 year high of $52.48. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of -13.52 and a beta of 3.47. The company has a debt-to-equity ratio of 2.43, a current ratio of 12.94 and a quick ratio of 12.94. The business’s 50 day moving average price is $31.84 and its 200-day moving average price is $37.48.

Affirm (NASDAQ:AFRM) last announced its earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $549.99 million. During the same quarter last year, the firm posted ($0.69) EPS. The business’s revenue was up 51.2% on a year-over-year basis. On average, equities research analysts forecast that Affirm will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $32.12, for a total value of $297,945.12. Following the completion of the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Affirm

Institutional investors have recently bought and sold shares of the company. Pathstone Family Office LLC acquired a new position in shares of Affirm during the third quarter worth about $208,000. PNC Financial Services Group Inc. grew its position in shares of Affirm by 1.7% during the third quarter. PNC Financial Services Group Inc. now owns 47,378 shares of the company’s stock worth $1,008,000 after buying an additional 793 shares in the last quarter. EAM Investors LLC acquired a new position in shares of Affirm during the third quarter worth about $1,349,000. Northern Trust Corp grew its position in shares of Affirm by 3.1% during the third quarter. Northern Trust Corp now owns 1,002,905 shares of the company’s stock worth $21,332,000 after buying an additional 30,552 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Affirm during the third quarter worth about $894,000. 69.29% of the stock is owned by institutional investors and hedge funds.

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.