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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned a consensus rating of “Moderate Buy” from the twenty-eight research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $85.00.

Several equities analysts recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of Affirm in a report on Friday, February 6th. Oppenheimer cut their target price on Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group lowered Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley restated an “overweight” rating on shares of Affirm in a report on Wednesday, March 4th.

Affirm Price Performance

Shares of AFRM opened at $42.53 on Friday. The business has a 50-day moving average of $54.09 and a 200-day moving average of $67.44. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 1.57 and a beta of 3.61. Affirm has a 1 year low of $30.90 and a 1 year high of $100.00.

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

Insiders Place Their Bets

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the transaction, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This represents a 96.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is owned by insiders.

Institutional Trading of Affirm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFRM. Yousif Capital Management LLC grew its stake in Affirm by 5.1% in the third quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock valued at $237,000 after acquiring an additional 158 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Affirm by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock valued at $108,000 after acquiring an additional 171 shares in the last quarter. Assetmark Inc. raised its position in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the period. Mount Vernon Associates Inc. MD lifted its holdings in shares of Affirm by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock worth $3,195,000 after purchasing an additional 200 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Affirm by 63.6% in the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares in the last quarter. 69.29% of the stock is owned by 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.