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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have earned an average rating of “Reduce” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $27.86.

AFRM has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Tuesday, April 23rd. The Goldman Sachs Group boosted their price objective on Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Affirm in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their price objective on Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. Finally, Wedbush reiterated an “underperform” rating and set a $20.00 price objective on shares of Affirm in a research report on Friday, February 9th.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the completion of the sale, the director now directly owns 78,552 shares in the company, valued at $2,701,403.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Affirm

Institutional investors and hedge funds have recently modified their holdings of the stock. Planned Solutions Inc. acquired a new stake in shares of Affirm during the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its position in shares of Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Affirm during the 4th quarter valued at $33,000. Global Wealth Strategies & Associates lifted its position in shares of Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after acquiring an additional 470 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in Affirm during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Up 5.3 %

NASDAQ:AFRM opened at $33.33 on Friday. The firm has a market capitalization of $10.23 billion, a PE ratio of -13.39 and a beta of 3.57. The stock has a 50 day moving average of $35.24 and a 200-day moving average of $35.11. Affirm has a 52 week low of $8.80 and a 52 week high of $52.48. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.08. The company had revenue of $591.11 million during the quarter, compared to analyst estimates of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. Analysts predict that Affirm will post -2.45 EPS for the current 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.