Affirm (NASDAQ:AFRM) Reaches New 1-Year Low at $61.50


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Affirm Holdings, Inc. (NASDAQ:AFRM)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $61.50 and last traded at $62.13, with a volume of 33623 shares changing hands. The stock had previously closed at $66.78.

Several brokerages have commented on AFRM. Seaport Global Securities raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a report on Thursday, April 22nd. Credit Suisse Group dropped their price objective on shares of Affirm from $115.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 19th. The Goldman Sachs Group assumed coverage on shares of Affirm in a report on Monday, February 8th. They set a “neutral” rating and a $95.00 price objective for the company. Barclays dropped their price objective on shares of Affirm from $148.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, April 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Affirm from $120.00 to $92.00 and set a “hold” rating for the company in a report on Tuesday, March 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $107.11.

The business has a 50-day simple moving average of $72.43.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, February 10th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.49. The business had revenue of $204.04 million during the quarter, compared to analysts’ expectations of $194.23 million.

In other Affirm news, insider Del Castillo Sharda Caro sold 25,333 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $91.20, for a total value of $2,310,369.60. Following the transaction, the insider now owns 47,019 shares in the company, valued at $4,288,132.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Siphelele Jiyane sold 12,137 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $81.18, for a total transaction of $985,281.66. Following the completion of the transaction, the vice president now owns 6,360 shares in the company, valued at approximately $516,304.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,850 shares of company stock worth $7,233,688.

Several hedge funds have recently added to or reduced their stakes in AFRM. Intelligence Driven Advisers LLC purchased a new position in shares of Affirm in the first quarter valued at about $212,000. Westside Investment Management Inc. purchased a new position in shares of Affirm in the first quarter valued at about $5,829,000. Wolff Wiese Magana LLC purchased a new position in shares of Affirm in the first quarter valued at about $90,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Affirm in the first quarter valued at about $53,000. Finally, Regents of The University of California bought a new stake in shares of Affirm during the 1st quarter valued at about $4,127,000.

Affirm Company Profile (NASDAQ:AFRM)

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.

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