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

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned an average recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $86.6667.

A number of equities analysts have recently commented on the company. Oppenheimer cut their price target on Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Stephens cut their target price on Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced 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 set a $83.00 price target on Affirm in a research report on Friday, February 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $85.00 price objective on shares of Affirm in a research report on Monday, February 9th.

Insider Buying and Selling at Affirm

In other news, CEO Max R. Levchin sold 666,666 shares of the company’s 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction 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 directly owned 1,368 shares of the company’s stock, valued at $109,440. This represents a 96.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 711,256 shares of company stock worth $57,231,923. Insiders own 11.01% of the company’s stock.

Institutional Investors Weigh In On Affirm

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after buying an additional 3,892 shares in the last quarter. Empowered Funds LLC increased its stake in Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after acquiring an additional 8,014 shares during the last quarter. Focus Partners Wealth purchased a new stake in Affirm during the first quarter valued at about $243,000. Prime Capital Investment Advisors LLC purchased a new stake in Affirm during the second quarter valued at about $224,000. Finally, KLP Kapitalforvaltning AS lifted its stake in Affirm by 5.1% during the second quarter. KLP Kapitalforvaltning AS now owns 51,600 shares of the company’s stock worth $3,568,000 after purchasing an additional 2,500 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Up 0.1%

Shares of Affirm stock opened at $49.81 on Friday. The stock has a market capitalization of $16.59 billion, a P/E ratio of 61.49, a P/E/G ratio of 1.86 and a beta of 3.56. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The stock’s 50-day simple moving average is $70.16 and its 200 day simple moving average is $73.77.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm 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 was up 29.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. As a group, research analysts anticipate that Affirm will post -0.18 EPS for the current year.

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.