Affirm’s (AFRM) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Affirm (NASDAQ:AFRM) in a research report sent to investors on Tuesday morning, Benzinga reports.

A number of other brokerages have also recently issued reports on AFRM. The Goldman Sachs Group upped their price target on shares of Affirm from $18.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Royal Bank of Canada upped their price target on shares of Affirm from $26.00 to $50.00 and gave the stock a sector perform rating in a research note on Friday, February 9th. BMO Capital Markets upped their target price on shares of Affirm from $44.00 to $47.00 and gave the company a market perform rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Affirm from $24.00 to $35.00 and gave the company a hold rating in a research note on Friday, February 9th. Finally, Needham & Company LLC restated a hold rating on shares of Affirm in a research note on Tuesday. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $27.86.

Affirm Stock Up 5.3 %

NASDAQ:AFRM opened at $33.33 on Tuesday. The company has a market capitalization of $10.23 billion, a PE ratio of -13.39 and a beta of 3.57. The firm’s 50-day moving average price is $35.24 and its 200-day moving average price is $35.00. Affirm has a 1-year low of $8.80 and a 1-year high of $52.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $591.11 million for the quarter, compared to analysts’ expectations of $523.92 million. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. On average, equities analysts predict that Affirm will post -2.45 EPS for the current fiscal year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now owns 78,552 shares in the company, valued at approximately $2,701,403.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its holdings in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after acquiring an additional 470 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Affirm by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock worth $2,032,000 after acquiring an additional 480 shares in the last quarter. Planned Solutions Inc. purchased a new stake in Affirm in the 4th quarter worth approximately $25,000. Finally, Signaturefd LLC increased its holdings in Affirm by 9.0% in the 3rd quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after acquiring an additional 528 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.