Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $70.24.

AFRM has been the subject of a number of analyst reports. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. UBS Group raised their price objective on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. JMP Securities raised their price objective on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a report on Tuesday, January 21st.

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert O’hare sold 13,965 shares of Affirm stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $68.57, for a total transaction of $957,580.05. Following the sale, the chief financial officer now owns 668 shares of the company’s stock, valued at approximately $45,804.76. This represents a 95.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,264 shares of company stock worth $39,820,791 in the last quarter. 12.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Affirm during the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. boosted its stake in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd bought a new position in Affirm during the 4th quarter worth approximately $33,000. Coppell Advisory Solutions LLC bought a new position in Affirm during the 4th quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Affirm during the 4th quarter worth approximately $43,000. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Shares of Affirm stock opened at $64.15 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The firm has a fifty day moving average price of $64.32 and a two-hundred day moving average price of $54.04. The company has a market cap of $20.40 billion, a PE ratio of -98.69 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Analysts expect that Affirm will post -0.18 EPS for the current year.

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.