Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Rating of “Hold” from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given an average recommendation of “Hold” by the twenty research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $34.32.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Wedbush upped their target price on shares of Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $42.00 target price on shares of Affirm in a research report on Monday, June 24th. BMO Capital Markets cut their target price on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Finally, Mizuho reiterated an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th.

Insider Activity

In other news, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the transaction, the director now directly owns 64,348 shares of the company’s stock, valued at $1,730,961.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Affirm

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after buying an additional 1,316,901 shares during the period. Capital World Investors increased its position in shares of Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after buying an additional 77,050 shares during the period. Baillie Gifford & Co. increased its position in shares of Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after buying an additional 749,368 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Affirm by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock valued at $128,895,000 after buying an additional 153,675 shares during the period. Finally, Dragoneer Investment Group LLC purchased a new position in shares of Affirm during the second quarter valued at about $45,219,000. 69.29% of the stock is owned by institutional investors.

Affirm Stock Down 3.0 %

Affirm stock opened at $38.44 on Friday. The firm has a 50 day simple moving average of $30.33 and a 200 day simple moving average of $32.41. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of -17.24 and a beta of 3.51. The company has a current ratio of 13.07, a quick ratio of 12.94 and a debt-to-equity ratio of 2.41. Affirm has a 1-year low of $15.97 and a 1-year high of $52.48.

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.