Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $26.97 Consensus Target Price from Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus rating of “Reduce” by the eighteen research firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.97.

A number of brokerages have recently commented on AFRM. Morgan Stanley downgraded Affirm from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $15.00 to $20.00 in a research report on Monday, December 18th. JPMorgan Chase & Co. boosted their price objective on Affirm from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Wedbush reissued an “underperform” rating and set a $20.00 price objective on shares of Affirm in a research report on Friday, February 9th. Truist Financial boosted their price objective on Affirm from $33.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Needham & Company LLC began coverage on Affirm in a research report on Wednesday. They set a “hold” rating for the company.

Affirm Stock Up 2.4 %

NASDAQ AFRM opened at $32.87 on Wednesday. Affirm has a 52 week low of $8.80 and a 52 week high of $52.48. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. The business’s fifty day simple moving average is $38.23 and its 200-day simple moving average is $33.72. The firm has a market cap of $10.09 billion, a PE ratio of -13.20 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.08. The firm had revenue of $591.11 million for the quarter, compared to analyst estimates of $523.92 million. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. As a group, equities analysts anticipate that Affirm will post -2.45 earnings per share for the current year.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now owns 78,552 shares of the company’s stock, valued at $2,701,403.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Planned Solutions Inc. acquired a new position in Affirm during the fourth quarter worth $25,000. Covestor Ltd acquired a new stake in Affirm in the first quarter valued at $30,000. Creative Financial Designs Inc. ADV grew its holdings in Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in Affirm in the fourth quarter valued at $33,000. Finally, Global Wealth Strategies & Associates grew its holdings in Affirm by 94.0% in the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.