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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $60.94.

AFRM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Barclays increased their price target on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Mizuho lifted 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.

Affirm Stock Performance

Shares of Affirm stock opened at $62.51 on Friday. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of -44.02 and a beta of 3.66. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm has a twelve month low of $22.25 and a twelve month high of $73.34. The company’s fifty day moving average is $60.85 and its 200 day moving average is $43.90.

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

Insider Transactions at Affirm

In other news, COO Michael Linford sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the completion of the sale, the chief operating officer now owns 85,420 shares in the company, valued at $5,893,125.80. This trade represents a 82.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders have sold 1,300,851 shares of company stock worth $84,875,518 in the last 90 days. Insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

Several hedge funds have recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of Affirm during the 3rd quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC lifted its position in shares of 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 in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC grew its position in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Affirm during the 3rd quarter valued at $65,000. 69.29% of the stock is currently owned by institutional investors.

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.