Affirm (NASDAQ:AFRM) Stock Price Down 5.2%

Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) shares fell 5.2% during trading on Friday . The company traded as low as $13.87 and last traded at $13.92. 6,233,299 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 17,205,381 shares. The stock had previously closed at $14.69.

Analyst Upgrades and Downgrades

AFRM has been the topic of several recent analyst reports. Credit Suisse Group reduced their target price on Affirm from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, February 9th. The Goldman Sachs Group decreased their price objective on Affirm from $22.50 to $14.50 and set a “neutral” rating for the company in a research report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Affirm from $18.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, February 9th. Stephens reiterated an “underweight” rating on shares of Affirm in a report on Thursday, February 16th. Finally, Royal Bank of Canada lowered shares of Affirm from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $23.00 to $17.00 in a report on Thursday, February 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.21.

Affirm Stock Down 6.3 %

The company has a debt-to-equity ratio of 1.90, a current ratio of 10.91 and a quick ratio of 10.91. The firm’s 50 day moving average is $10.88 and its two-hundred day moving average is $12.26. The firm has a market capitalization of $4.07 billion, a P/E ratio of -4.17 and a beta of 3.17.

Affirm (NASDAQ:AFRM – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.69) EPS for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.22. Affirm had a negative net margin of 64.12% and a negative return on equity of 37.86%. The company had revenue of $380.98 million during the quarter, compared to the consensus estimate of $371.96 million. During the same quarter last year, the firm posted ($0.19) EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts predict that Affirm Holdings, Inc. will post -3.51 EPS for the current year.

Insider Activity

In related news, Director Keith Rabois sold 17,287 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $12.77, for a total value of $220,754.99. Following the sale, the director now owns 17,286 shares in the company, valued at approximately $220,742.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.11% of the company’s stock.

Institutional Trading of Affirm

A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its holdings in shares of Affirm by 2,007.4% during the third quarter. US Bancorp DE now owns 1,433 shares of the company’s stock worth $27,000 after acquiring an additional 1,365 shares during the period. Parallel Advisors LLC grew its holdings in Affirm by 31.9% in the 4th quarter. Parallel Advisors LLC now owns 2,948 shares of the company’s stock valued at $29,000 after buying an additional 713 shares in the last quarter. Covestor Ltd bought a new position in Affirm during the 1st quarter worth $30,000. American International Group Inc. acquired a new stake in shares of Affirm during the second quarter worth $33,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Affirm in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

Affirm Company Profile

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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 from one to sixty months.