Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $35.53 Consensus Target Price from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.53.

A number of analysts have recently weighed in on AFRM shares. Mizuho reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Barclays upped their price target on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Susquehanna initiated coverage on shares of Affirm in a report on Friday, September 20th. They set a “positive” rating and a $52.00 price target on the stock. BTIG Research began coverage on Affirm in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th.

Affirm Stock Down 1.2 %

Shares of Affirm stock opened at $41.16 on Wednesday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm has a 12-month low of $15.97 and a 12-month high of $52.48. The company has a market cap of $12.72 billion, a P/E ratio of -18.46 and a beta of 3.51. The company’s fifty day simple moving average is $34.15 and its two-hundred day simple moving average is $32.88.

Affirm (NASDAQ:AFRM) last posted its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The firm had revenue of $659.19 million for the quarter, compared to the consensus estimate of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. Research analysts anticipate that Affirm will post -0.82 EPS for the current year.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,275 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the sale, 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 filing with the SEC, which is accessible through the SEC website. In related news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares of the company’s stock, valued at $1,730,961.20. The disclosure for this sale can be found here. Insiders have sold 112,075 shares of company stock valued at $4,803,786 over the last 90 days. 13.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Affirm

Institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. bought a new position in Affirm during the first quarter valued at approximately $258,000. Dragoneer Investment Group LLC purchased a new stake in shares of Affirm during the 2nd quarter worth approximately $45,219,000. Principal Financial Group Inc. boosted its position in shares of Affirm by 34.3% during the 1st quarter. Principal Financial Group Inc. now owns 19,065 shares of the company’s stock valued at $710,000 after acquiring an additional 4,868 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Affirm by 6.8% in the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after purchasing an additional 1,316,901 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Affirm in the first quarter worth $265,000. Institutional investors own 69.29% of the company’s stock.

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.