Brokerages Set Affirm Holdings, Inc. (NASDAQ:AFRM) PT at $46.03

Affirm Holdings, Inc. (NASDAQ:AFRM) has received an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $46.03.

AFRM has been the topic of several recent analyst reports. Bank of America lifted their target price on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays upped their price target on shares of Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Wells Fargo & Company raised their price objective on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. The Goldman Sachs Group increased their target price on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a report on Friday, October 4th.

Affirm Stock Performance

AFRM stock opened at $56.15 on Thursday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm has a twelve month low of $22.25 and a twelve month high of $59.27. The business’s fifty day moving average is $44.49 and its 200-day moving average is $35.69. The company has a market cap of $17.47 billion, a P/E ratio of -39.54 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same period in the previous year, the company earned ($0.57) EPS. Equities research analysts forecast that Affirm will post -0.6 EPS for the current year.

Insider Activity

In other Affirm news, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now directly owns 122,069 shares of the company’s stock, valued at $5,493,105. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. The trade was a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 403,738 shares of company stock worth $21,115,878. 12.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently made changes to their positions in AFRM. KBC Group NV grew its stake in Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after purchasing an additional 222 shares during the period. CIBC Asset Management Inc boosted its stake in Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the period. ORG Partners LLC boosted its position in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares in the last quarter. Finally, Myecfo LLC increased its position in Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after buying an additional 589 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

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.