Affirm (AFRM) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Affirm (NASDAQ: AFRM):

• 10/14/2024 – Affirm was upgraded by analysts at Wedbush from an “underperform” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $25.00.
• 10/14/2024 – Affirm had its price target raised by analysts at The Goldman Sachs Group, Inc. from $46.00 to $54.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Affirm was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $52.00 price target on the stock, up previously from $40.00.
• 10/9/2024 – Affirm was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $37.00 price target on the stock, up previously from $22.00.
• 10/8/2024 – Affirm was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $68.00 price target on the stock.
• 10/4/2024 – Affirm had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $46.00 price target on the stock.
• 9/23/2024 – Affirm had its price target raised by analysts at Barclays PLC from $50.00 to $54.00. They now have an “overweight” rating on the stock.
• 9/20/2024 – Affirm is now covered by analysts at Susquehanna. They set a “positive” rating and a $52.00 price target on the stock.
• 9/6/2024 – Affirm had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 8/30/2024 – Affirm had its price target raised by analysts at Barclays PLC from $41.00 to $50.00. They now have an “overweight” rating on the stock.
• 8/29/2024 – Affirm had its price target raised by analysts at Wedbush from $20.00 to $25.00. They now have an “underperform” rating on the stock.
• 8/29/2024 – Affirm had its price target raised by analysts at Royal Bank of Canada from $43.00 to $46.00. They now have a “sector perform” rating on the stock.
• 8/29/2024 – Affirm had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 8/29/2024 – Affirm had its price target raised by analysts at Bank of America Co. from $36.00 to $42.00. They now have a “buy” rating on the stock.
• 8/27/2024 – Affirm had its “outperform” rating reaffirmed by analysts at Mizuho. They now have a $65.00 price target on the stock.
• 8/20/2024 – Affirm had its price target raised by analysts at JPMorgan Chase & Co. from $43.00 to $45.00. They now have an “overweight” rating on the stock.

Affirm Trading Down 0.0 %

Shares of AFRM stock traded down $0.01 during trading hours on Wednesday, hitting $47.85. 4,717,765 shares of the company were exchanged, compared to its average volume of 8,764,829. The firm has a market cap of $14.79 billion, a P/E ratio of -21.46 and a beta of 3.50. Affirm Holdings, Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $52.48. The company has a 50 day simple moving average of $37.81 and a two-hundred day simple moving average of $33.40. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.31. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. The business had revenue of $659.19 million during the quarter, compared to the consensus estimate of $599.50 million. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.82 EPS for the current year.

Insider Buying and Selling at Affirm

In related news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. This trade represents a 0.00 % 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. In other news, Director Keith Rabois sold 9,275 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the sale, the director now owns 64,348 shares in the company, valued at $1,730,961.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,075 shares of company stock worth $4,803,786. Insiders own 13.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AFRM. Ridgewood Investments LLC purchased a new stake in shares of Affirm in the second quarter worth $27,000. ORG Wealth Partners LLC bought a new stake in shares of Affirm during the 3rd quarter valued at about $29,000. Allspring Global Investments Holdings LLC grew its holdings 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 purchasing an additional 540 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares in the last quarter. Finally, Plato Investment Management Ltd increased its position in shares of Affirm by 255.1% in the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock worth $49,000 after purchasing an additional 954 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.