Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned an average rating of “Moderate Buy” from the thirty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $89.1739.

AFRM has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. BTIG Research reissued a “neutral” rating on shares of Affirm in a report on Wednesday, December 17th. Rothschild Redb raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Redburn Partners set a $101.00 price target on shares of Affirm in a report on Monday, October 6th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Affirm in a report on Tuesday, December 16th.

Insider Buying and Selling at Affirm

In related news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the transaction, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The disclosure for this sale is available in the SEC filing. Insiders have sold 711,256 shares of company stock worth $57,231,923 in the last ninety days. 11.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Affirm

A number of hedge funds and other institutional investors have recently bought and sold shares of AFRM. Assetmark Inc. grew its stake in Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after acquiring an additional 178 shares during the period. Huntington National Bank grew its position in shares of Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after purchasing an additional 336 shares during the period. Mather Group LLC. bought a new stake in Affirm during the 3rd quarter worth approximately $29,000. SouthState Corp raised its holdings in Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares during the period. Finally, Triumph Capital Management bought a new stake in shares of Affirm during the third quarter worth $31,000. 69.29% of the stock is owned by institutional investors.

Affirm Price Performance

Affirm stock opened at $76.39 on Tuesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. The business has a 50 day simple moving average of $72.36 and a 200 day simple moving average of $74.29. Affirm has a one year low of $30.90 and a one year high of $100.00. The company has a market capitalization of $25.21 billion, a PE ratio of 114.01, a price-to-earnings-growth ratio of 3.71 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The company had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same quarter in the previous year, the company earned ($0.31) EPS. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. On average, sell-side analysts forecast that Affirm will post -0.18 EPS for the current fiscal year.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.