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

Affirm Holdings, Inc. (NASDAQ:AFRM) has been assigned a consensus rating of “Moderate Buy” from the twenty-nine research firms that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $85.00.

AFRM has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. UBS Group set a $78.00 price objective on shares of Affirm in a research report on Friday, February 6th. Compass Point reaffirmed a “buy” rating and issued a $68.00 target price on shares of Affirm in a research report on Wednesday, February 18th. Stephens cut their target price on shares of Affirm from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd.

Affirm Stock Up 2.5%

Shares of Affirm stock opened at $47.83 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00. The company’s 50 day moving average price is $64.74 and its 200-day moving average price is $71.70. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 59.05, a P/E/G ratio of 1.71 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. Equities research analysts forecast that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling

In other news, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This represents a 96.38% 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 currently owned by corporate insiders.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC increased its stake in shares of Affirm by 134.4% in the 4th quarter. Corient Private Wealth LLC now owns 39,918 shares of the company’s stock worth $2,971,000 after acquiring an additional 22,886 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Affirm in the fourth quarter worth about $5,277,000. Strive Financial Group LLC bought a new position in shares of Affirm during the fourth quarter valued at approximately $33,000. Vident Advisory LLC increased its stake in shares of Affirm by 3.7% during the fourth quarter. Vident Advisory LLC now owns 15,874 shares of the company’s stock valued at $1,182,000 after purchasing an additional 572 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Affirm by 25.7% during the fourth quarter. Empowered Funds LLC now owns 13,308 shares of the company’s stock valued at $991,000 after purchasing an additional 2,720 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Company Profile

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.