Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $86.00.

AFRM has been the subject of several research analyst reports. Royal Bank Of Canada upped their target price on shares of Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group cut shares of Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Mizuho upped their target price on shares of Affirm from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, BMO Capital Markets initiated coverage on shares of Affirm in a research note on Tuesday, April 21st. They set an “outperform” rating and a $75.00 target price for the company.

Insider Buying and Selling

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 36,076 shares in the company, valued at $2,344,940. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. bought a new stake in Affirm during the 3rd quarter worth about $19,077,000. Resona Asset Management Co. Ltd. bought a new stake in Affirm during the 3rd quarter worth about $6,036,000. Envestnet Asset Management Inc. grew its holdings in Affirm by 26.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock worth $17,185,000 after acquiring an additional 48,734 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in Affirm during the 3rd quarter worth about $7,673,000. Finally, SBI Securities Co. Ltd. lifted its position in Affirm by 83.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock valued at $3,610,000 after purchasing an additional 22,054 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Shares of Affirm stock opened at $65.22 on Monday. The firm has a fifty day simple moving average of $56.18 and a 200-day simple moving average of $62.56. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. Affirm has a 1-year low of $42.10 and a 1-year high of $100.00. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 59.29, a PEG ratio of 3.88 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. On average, sell-side analysts expect that Affirm will post 1.23 earnings per share 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.