Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $70.24 Average PT from Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $70.24.

AFRM has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Wells Fargo & Company boosted their price objective on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Affirm from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Susquehanna lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research report on Tuesday, January 21st. Finally, UBS Group boosted their price objective on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th.

Insider Buying and Selling at Affirm

In other Affirm news, President Libor Michalek sold 6,629 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $72.08, for a total value of $477,818.32. Following the transaction, the president now directly owns 160,601 shares in the company, valued at $11,576,120.08. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’hare sold 13,965 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $68.57, for a total transaction of $957,580.05. Following the completion of the transaction, the chief financial officer now owns 668 shares in the company, valued at approximately $45,804.76. This represents a 95.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 576,264 shares of company stock worth $39,820,791 over the last ninety days. Insiders own 12.41% of the company’s stock.

Hedge Funds Weigh In On Affirm

Several institutional investors and hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Affirm in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. grew its stake in shares of 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 acquired a new position in shares of Affirm in the fourth quarter valued at about $33,000. Coppell Advisory Solutions LLC acquired a new position in shares of Affirm in the fourth quarter valued at about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm in the fourth quarter valued at about $43,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of AFRM opened at $64.15 on Friday. 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 twelve month low of $22.25 and a twelve month high of $82.53. The firm’s 50 day moving average price is $64.32 and its two-hundred day moving average price is $54.04. The firm has a market cap of $20.40 billion, a P/E ratio of -98.69 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced 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 net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts forecast that Affirm will post -0.18 EPS for the current fiscal 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.