Affirm (NASDAQ:AFRM) Now Covered by Susquehanna

Investment analysts at Susquehanna started coverage on shares of Affirm (NASDAQ:AFRM) in a report released on Friday, MarketBeat Ratings reports. The brokerage set a “positive” rating and a $52.00 price target on the stock. Susquehanna’s target price points to a potential upside of 15.74% from the stock’s current price.

AFRM has been the topic of several other reports. Barclays increased their price target on Affirm from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Mizuho reaffirmed an “outperform” rating and set a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. BTIG Research started coverage on Affirm in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Royal Bank of Canada increased their price target on Affirm from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 29th. Finally, JMP Securities began coverage on Affirm in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Affirm presently has a consensus rating of “Hold” and an average target price of $35.31.

Affirm Price Performance

NASDAQ AFRM opened at $44.93 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. The stock’s fifty day moving average price is $33.02 and its 200 day moving average price is $32.74. Affirm has a 1 year low of $15.97 and a 1 year high of $52.48. The company has a market cap of $13.89 billion, a price-to-earnings ratio of -20.15 and a beta of 3.51.

Affirm (NASDAQ:AFRM) last released its 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. The firm had revenue of $659.19 million for the quarter, compared to the consensus estimate of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. As a group, equities research analysts forecast that Affirm will post -0.82 earnings per share for the current year.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $29.89, for a total value of $277,259.64. Following the transaction, the director now directly owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Affirm news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $29.89, for a total value of $277,259.64. Following the transaction, the director now directly owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00. Following the completion of the transaction, the insider now directly owns 122,069 shares in the company, valued at $5,493,105. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,351 shares of company stock valued at $5,081,045. 13.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AFRM. Dragoneer Investment Group LLC acquired a new stake in shares of Affirm during the 2nd quarter worth approximately $45,219,000. Norges Bank acquired a new stake in shares of Affirm during the 4th quarter worth approximately $67,310,000. Vanguard Group Inc. increased its holdings in shares of Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after buying an additional 1,316,901 shares during the last quarter. Leo Wealth LLC acquired a new stake in shares of Affirm during the 4th quarter worth approximately $57,647,000. Finally, Baillie Gifford & Co. increased its holdings in shares of Affirm by 4.2% during the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after buying an additional 749,368 shares during the last quarter. 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.