Analysts Set Affirm Holdings, Inc. (NASDAQ:AFRM) Target Price at $86.20

Affirm Holdings, Inc. (NASDAQ:AFRM) has been assigned a consensus rating of “Moderate Buy” from the twenty-nine analysts that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $86.20.

A number of equities analysts have commented on AFRM shares. Needham & Company LLC upped their target price on shares of Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group upped their target price on shares of Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Robert W. Baird set a $70.00 target price on shares of Affirm in a research note on Friday, May 8th. Stephens increased their price objective on shares of Affirm from $55.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, May 26th.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the transaction, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

Hedge Funds Weigh In On Affirm

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its stake in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its stake in shares of Affirm by 0.5% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock valued at $3,195,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Affirm by 63.6% during the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Affirm by 1.3% during the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after purchasing an additional 206 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Affirm by 36.6% during the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after purchasing an additional 210 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Price Performance

Shares of AFRM stock opened at $73.92 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The company has a market capitalization of $24.76 billion, a P/E ratio of 67.20, a P/E/G ratio of 4.07 and a beta of 3.70. The company’s 50-day simple moving average is $65.08 and its two-hundred day simple moving average is $62.45. Affirm has a one year low of $42.10 and a one year high of $100.00.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $943.95 million for the quarter, compared to the consensus estimate of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities analysts anticipate that Affirm will post 1.25 EPS for the current year.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.