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

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus rating of “Moderate Buy” by the nineteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $61.88.

AFRM has been the subject of a number of recent research reports. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research report on Tuesday, January 21st. Bank of America boosted their price objective on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

Insider Activity at Affirm

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the transaction, the insider now directly owns 93,545 shares in the company, valued at $5,149,652.25. This represents a 68.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,323,478 shares of company stock worth $86,285,371. Insiders own 12.41% of the company’s stock.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP purchased a new stake in shares of Affirm in the 3rd quarter worth approximately $30,808,000. Holocene Advisors LP purchased a new stake in shares of Affirm in the 3rd quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its position in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after purchasing an additional 672,883 shares during the period. Bank of Montreal Can lifted its position in shares of Affirm by 269.7% in the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after purchasing an additional 528,400 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of Affirm in the 3rd quarter worth approximately $20,404,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Down 1.0 %

NASDAQ:AFRM opened at $55.17 on Tuesday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm has a 12 month low of $22.25 and a 12 month high of $73.34. The company has a market cap of $17.33 billion, a PE ratio of -38.85 and a beta of 3.67. The company has a 50 day simple moving average of $63.95 and a two-hundred day simple moving average of $47.47.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the previous year, the firm posted ($0.57) EPS. Research analysts forecast that Affirm will post -0.62 earnings per share for the current year.

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.