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

Seaport Res Ptn upgraded shares of Affirm (NASDAQ:AFRM) to a hold rating in a report released on Monday,Zacks.com reports.

AFRM has been the topic of several other reports. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, February 7th. UBS Group boosted their price target on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised 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. BMO Capital Markets reiterated an “outperform” rating and set a $69.00 target price on shares of Affirm in a research report on Thursday, March 20th. Finally, Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.76.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $52.54 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 one year low of $22.25 and a one year high of $82.53. The company has a 50-day simple moving average of $60.63 and a 200-day simple moving average of $56.23. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of -80.83 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share 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%. On average, analysts predict that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 137,325 shares of the company’s stock, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 62,301 shares of company stock worth $3,920,543. 12.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Affirm during the 4th quarter valued at about $28,000. Geneos Wealth Management Inc. grew its position in Affirm by 356.5% in 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 in the last quarter. R Squared Ltd purchased a new stake in shares of Affirm during the fourth quarter valued at approximately $33,000. Coppell Advisory Solutions LLC acquired a new position in shares of Affirm during the fourth quarter worth $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Affirm in the fourth quarter valued at $43,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.