Brokerages Set Affirm Holdings, Inc. (NASDAQ:AFRM) PT at $55.33

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given an average rating of “Hold” by the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $55.36.

AFRM has been the subject of several recent research reports. Susquehanna increased their price objective on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and raised their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Barclays raised their target price on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group boosted their price target on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now owns 91,499 shares of the company’s stock, valued at $4,117,455. This represents a 47.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,380,667 shares of company stock worth $88,399,613. 12.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV increased its position in Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC boosted its stake in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the period. Finally, Myecfo LLC grew its position in Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $70.70 on Monday. Affirm has a twelve month low of $22.25 and a twelve month high of $72.82. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of -49.79 and a beta of 3.66. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm’s fifty day simple moving average is $54.98 and its 200 day simple moving average is $40.74.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the prior year, the business earned ($0.57) earnings per share. As a group, equities research analysts expect that Affirm will post -0.53 earnings per share for the current fiscal year.

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.