Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given an average rating of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.33.

A number of analysts have weighed in on AFRM shares. Mizuho upped their target price on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. Finally, BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, October 8th.

Insider Activity

In other news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 9.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Libor Michalek sold 100,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the transaction, the president now owns 159,449 shares of the company’s stock, valued at approximately $9,885,838. The trade was a 38.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 985,065 shares of company stock valued at $60,544,069. 12.41% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV grew its position in Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after purchasing an additional 222 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Affirm by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after purchasing an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the last quarter. ORG Partners LLC grew its position in shares of Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the period. Finally, Myecfo LLC grew its holdings in Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after buying an additional 589 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

AFRM opened at $71.88 on Monday. The stock has a market cap of $22.57 billion, a P/E ratio of -50.62 and a beta of 3.66. Affirm has a 52-week low of $22.25 and a 52-week high of $72.82. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The business has a fifty day moving average of $52.01 and a 200 day moving average of $39.36.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the previous year, the business earned ($0.57) earnings per share. As a group, sell-side analysts anticipate that Affirm will post -0.53 EPS for the current year.

About Affirm

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.