Affirm (NASDAQ:AFRM) Price Target Raised to $85.00

Affirm (NASDAQ:AFRM) had its target price upped by equities research analysts at Barclays from $75.00 to $85.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 13.00% from the company’s current price.

A number of other research analysts have also commented on AFRM. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday. Morgan Stanley increased their price objective on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Bank of America lifted their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. William Blair began coverage on shares of Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group lifted their price objective on Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.53.

Affirm Price Performance

NASDAQ:AFRM opened at $75.22 on Monday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The stock has a market cap of $23.62 billion, a P/E ratio of -115.72 and a beta of 3.66. The company has a fifty day moving average price of $63.09 and a 200 day moving average price of $49.48. Affirm has a one year low of $22.25 and a one year high of $76.88.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS 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 7.29%. Analysts anticipate that Affirm will post -0.59 earnings per share for the current year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now owns 77,608 shares of the company’s stock, valued at $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert O’hare sold 11,218 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $70.00, for a total value of $785,260.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,038,626 shares of company stock worth $70,690,871. Corporate insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its position in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd bought a new position in Affirm during the fourth quarter worth about $33,000. ORG Wealth Partners LLC acquired a new position in shares of Affirm during the 3rd quarter worth about $29,000. Bogart Wealth LLC acquired a new position in shares of Affirm during the 4th quarter worth about $61,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Affirm in the 4th quarter valued at about $61,000. Institutional investors 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.