Affirm (NASDAQ:AFRM) Raised to “Hold” at Seaport Res Ptn

Affirm (NASDAQ:AFRM) was upgraded by equities research analysts at Seaport Res Ptn to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Barclays upped their price objective on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, William Blair started coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Affirm has an average rating of “Moderate Buy” and an average target price of $69.76.

Affirm Stock Performance

Shares of AFRM stock opened at $50.93 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The company’s 50 day moving average price is $60.54 and its two-hundred day moving average price is $56.32. The company has a market capitalization of $16.20 billion, a P/E ratio of -78.35 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts expect that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now directly owns 93,694 shares in the company, valued at approximately $5,839,010.08. This represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,301 shares of company stock worth $3,920,543. Insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

A number of institutional investors have recently bought and sold shares of AFRM. Natixis Advisors LLC acquired a new stake in shares of Affirm in the third quarter valued at approximately $759,000. Advisors Asset Management Inc. grew its stake in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after buying an additional 672,883 shares in the last quarter. Independent Advisor Alliance increased its holdings in Affirm by 10.8% in the 3rd quarter. Independent Advisor Alliance now owns 16,449 shares of the company’s stock valued at $671,000 after buying an additional 1,609 shares during the period. Finally, DRW Securities LLC acquired a new position in shares of Affirm in the 3rd quarter valued at approximately $352,000. Institutional investors own 69.29% of the company’s stock.

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.