Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $66.74.

Several equities analysts have recently commented on the company. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their price target on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. TD Cowen began coverage on shares of Affirm in a report on Tuesday, April 8th. They set a “buy” rating and a $50.00 price objective for the company. Morgan Stanley boosted their target price on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $82.00 in a research note on Thursday, December 19th.

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the completion of the sale, the director now owns 45,432 shares in the company, valued at approximately $2,063,067.12. The trade was a 26.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,762 shares of company stock valued at $3,241,246 over the last three months. 12.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Affirm

Several large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its holdings in shares of Affirm by 37.6% in the 3rd quarter. HighTower Advisors LLC now owns 62,811 shares of the company’s stock worth $2,566,000 after buying an additional 17,153 shares during the period. Stifel Financial Corp purchased a new stake in Affirm in the third quarter worth about $228,000. National Bank of Canada FI lifted its stake in Affirm by 127.3% in the third quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock worth $180,000 after acquiring an additional 2,470 shares during the period. Arete Wealth Advisors LLC bought a new position in Affirm during the 3rd quarter worth about $244,000. Finally, Tidal Investments LLC increased its position in Affirm by 208.6% during the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock valued at $889,000 after purchasing an additional 14,720 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Price Performance

NASDAQ AFRM opened at $40.49 on Friday. The company has a 50-day moving average price of $55.81 and a 200-day moving average price of $56.09. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $12.88 billion, a P/E ratio of -62.29 and a beta of 3.68.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 research analysts anticipate that Affirm will post -0.18 earnings per share for the current year.

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.