Affirm Holdings, Inc. (NASDAQ:AFRM) Given Average Rating of “Hold” by Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned an average rating of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat reports. Two analysts have 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 12 month price objective among analysts that have covered the stock in the last year is $43.08.

Several brokerages have recently commented on AFRM. Wells Fargo & Company upgraded Affirm from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $52.00 in a research report on Friday, October 11th. JMP Securities began coverage on Affirm in a research report on Friday, June 28th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lifted their target price on Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group lifted their target price on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Susquehanna began coverage on Affirm in a research report on Friday, September 20th. They issued a “positive” rating and a $52.00 target price for the company.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $42.03 on Friday. Affirm has a fifty-two week low of $15.97 and a fifty-two week high of $52.48. The business has a 50 day moving average price of $40.34 and a two-hundred day moving average price of $33.91. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. The firm has a market cap of $12.99 billion, a PE ratio of -18.85 and a beta of 3.50.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The firm had revenue of $659.19 million during the quarter, compared to analyst estimates of $599.50 million. Sell-side analysts expect that Affirm will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the sale, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the sale, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was 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 directly owns 141,903 shares in the company, valued at $5,678,958.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,075 shares of company stock valued at $4,803,786. Corporate insiders own 13.05% of the company’s stock.

Institutional Trading of Affirm

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Affirm by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 19,506,902 shares of the company’s stock worth $958,569,000 after acquiring an additional 769,843 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Affirm in the 4th quarter worth $252,000. Los Angeles Capital Management LLC acquired a new position in shares of Affirm in the 1st quarter worth $749,000. RJA Asset Management LLC acquired a new position in shares of Affirm in the 1st quarter worth $14,808,000. Finally, Omega Financial Group LLC grew its holdings in shares of Affirm by 21.5% in the 1st quarter. Omega Financial Group LLC now owns 93,568 shares of the company’s stock worth $3,486,000 after acquiring an additional 16,528 shares during the last quarter. 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.