Affirm (NASDAQ:AFRM) Now Covered by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Affirm (NASDAQ:AFRM) in a research note published on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $50.00 price target on the stock.

AFRM has been the subject of several other reports. Morgan Stanley raised their price target on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Barclays boosted their price target on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.67.

Affirm Stock Performance

NASDAQ AFRM opened at $36.45 on Tuesday. The stock has a fifty day simple moving average of $57.26 and a 200-day simple moving average of $56.22. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market cap of $11.59 billion, a PE ratio of -56.08 and a beta of 3.68. Affirm has a twelve month low of $22.25 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Equities analysts anticipate that Affirm will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Affirm

In related news, Director Keith Rabois sold 16,086 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the transaction, the director now directly owns 77,608 shares of the company’s stock, valued at $4,665,792.96. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now directly owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock worth $3,241,246 over the last three months. Insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in Affirm in the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. increased its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd purchased a new stake in Affirm in the 4th quarter valued at $33,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm during the 4th quarter worth $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Affirm during the 4th quarter worth $43,000. Hedge funds and other 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.