Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $68.24 Consensus Target Price from Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $69.76.

AFRM has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday, January 21st. The Goldman Sachs Group cut their target price on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Seaport Res Ptn upgraded Affirm to a “hold” rating in a research note on Monday. Finally, Morgan Stanley raised their price objective on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th.

Insider Activity

In other Affirm news, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now owns 61,520 shares of the company’s stock, valued at $3,935,434.40. The trade was a 20.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert O’hare sold 6,541 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,301 shares of company stock worth $3,920,543. Company insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in Affirm during the fourth quarter worth about $28,000. Geneos Wealth Management Inc. grew its position in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd bought a new position in Affirm in the 4th quarter valued at $33,000. Coppell Advisory Solutions LLC acquired a new position in Affirm in the fourth quarter worth $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Affirm during the fourth quarter worth $43,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Trading Down 3.1 %

Shares of NASDAQ AFRM opened at $50.93 on Wednesday. The business has a fifty day simple moving average of $60.54 and a 200-day simple moving average of $56.32. The company has a market cap of $16.20 billion, a price-to-earnings ratio of -78.35 and a beta of 3.63. Affirm has a 12 month low of $22.25 and a 12 month high of $82.53. 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 results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Affirm will post -0.18 EPS for the current year.

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.