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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have received an average rating of “Moderate Buy” from the thirty-two research firms that are presently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $86.5652.

Several equities research analysts have recently weighed in on AFRM shares. Truist Financial cut their target price on Affirm from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Rothschild Redb upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Rothschild & Co Redburn upgraded shares of Affirm from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $101.00 in a research report on Monday, October 6th. Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, October 13th.

Insider Buying and Selling at Affirm

In other news, CEO Max R. Levchin sold 651,713 shares of Affirm stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O’hare sold 8,189 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $95,760. The trade was a 85.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Affirm

Large investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its position in Affirm by 5.1% in the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock valued at $237,000 after purchasing an additional 158 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Affirm by 13.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock valued at $108,000 after purchasing an additional 171 shares during the period. Assetmark Inc. lifted its holdings in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Affirm by 4.4% in the third quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock worth $354,000 after buying an additional 206 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Affirm by 3.5% during the third quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after acquiring an additional 212 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Affirm Stock Up 6.0%

AFRM stock opened at $76.37 on Friday. The company’s 50 day moving average price is $70.70 and its 200 day moving average price is $72.10. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 113.99, a PEG ratio of 3.27 and a beta of 3.57. Affirm has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. The company had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The firm’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.31) EPS. On average, equities research analysts anticipate that Affirm will post -0.18 EPS 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.