Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $41.50 Consensus Target Price from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned a consensus rating of “Hold” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $43.08.

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Mizuho reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. The Goldman Sachs Group raised their target price on shares of Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $52.00 in a research report on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 target price on shares of Affirm in a research report on Friday, October 4th.

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katherine Adkins sold 82,316 shares of the business’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 transaction of $3,704,220.00. Following the transaction, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,075 shares of company stock worth $4,803,786 over the last three months. 13.05% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new stake in Affirm during the third quarter valued at approximately $29,000. Ridgewood Investments LLC purchased a new stake in Affirm during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC increased its holdings in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. ORG Partners LLC increased its holdings in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after buying an additional 551 shares during the last quarter. Finally, Plato Investment Management Ltd increased its holdings in Affirm by 255.1% during the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after buying an additional 954 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Price Performance

Shares of Affirm stock opened at $40.70 on Friday. The firm has a market cap of $12.58 billion, a PE ratio of -18.25 and a beta of 3.50. Affirm has a 12-month low of $16.38 and a 12-month high of $52.48. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. The company’s fifty day simple moving average is $40.59 and its two-hundred day simple moving average is $33.94.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. As a group, equities analysts expect that Affirm will post -0.82 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.