Compass Point Upgrades Affirm (NASDAQ:AFRM) to Neutral

Affirm (NASDAQ:AFRM) was upgraded by investment analysts at Compass Point from a “sell” rating to a “neutral” rating in a report released on Tuesday, MarketBeat reports. The brokerage presently has a $61.00 price target on the stock, up from their prior price target of $20.00. Compass Point’s price objective points to a potential upside of 3.48% from the company’s current price.

Several other research firms have also recently issued reports on AFRM. JMP Securities raised shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, December 20th. Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. William Blair initiated coverage on Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group lifted their price objective on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.88.

Affirm Trading Up 2.3 %

Shares of AFRM stock opened at $58.95 on Tuesday. 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 stock has a market cap of $18.51 billion, a price-to-earnings ratio of -41.51 and a beta of 3.67. The firm’s 50 day moving average price is $63.73 and its two-hundred day moving average price is $47.74. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $73.34.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping 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 firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the previous year, the company posted ($0.57) EPS. On average, analysts anticipate that Affirm will post -0.62 EPS for the current year.

Insider Activity

In related news, CFO Robert O’hare sold 100,938 shares of the business’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 transaction of $5,551,590.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the completion of the transaction, the director now directly owns 41,497 shares in the company, valued at $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,323,478 shares of company stock worth $86,285,371 over the last 90 days. 12.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its holdings in Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares in the last quarter. R Squared Ltd bought a new position in Affirm in the 4th quarter worth $33,000. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the third quarter valued at about $29,000. Valley National Advisers Inc. acquired a new position in shares of Affirm during the 4th quarter worth about $61,000. Finally, Advisors Asset Management Inc. increased its position in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.