Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Rating of “Moderate Buy” by Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus rating of “Moderate Buy” by the twenty research firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $70.24.

Several brokerages recently issued reports on AFRM. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Morgan Stanley boosted their price target on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price target on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Compass Point upgraded Affirm from a “sell” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $61.00 in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their price target on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th.

Affirm Trading Down 8.1 %

Shares of NASDAQ:AFRM opened at $68.55 on Friday. Affirm has a 12-month low of $22.25 and a 12-month high of $82.53. The stock has a market cap of $21.80 billion, a PE ratio of -105.46 and a beta of 3.66. The business has a 50 day moving average of $64.62 and a 200-day moving average of $52.68. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

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

Insider Transactions at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction on Friday, February 14th. The stock was 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 directly owns 137,325 shares in the company, valued at $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Libor Michalek sold 96,332 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $70.01, for a total value of $6,744,203.32. Following the completion of the sale, the president now owns 159,449 shares of the company’s stock, valued at $11,163,024.49. The trade was a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 754,482 shares of company stock worth $52,297,805. Corporate insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

Institutional investors and hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new stake in Affirm in the fourth quarter valued at $28,000. Geneos Wealth Management Inc. boosted its position 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 acquiring an additional 410 shares during the last quarter. R Squared Ltd bought a new stake in Affirm during the fourth quarter valued at $33,000. Coppell Advisory Solutions LLC bought a new stake in Affirm during the fourth quarter valued at $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Affirm during the fourth quarter valued at $43,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

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.