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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have received an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $86.00.

AFRM has been the topic of several recent analyst reports. BTIG Research reiterated a “neutral” rating on shares of Affirm in a report on Thursday, February 26th. Citigroup reiterated a “buy” rating on shares of Affirm in a report on Wednesday, April 15th. Cantor Fitzgerald increased their price target on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Compass Point reiterated a “buy” rating and issued a $68.00 price target on shares of Affirm in a report on Wednesday, February 18th. Finally, Citizens Jmp reduced their price target on Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $25,000 after purchasing an additional 178 shares in the last quarter. Greenline Wealth Management LLC bought a new position in Affirm in the fourth quarter worth approximately $26,000. Triumph Capital Management bought a new position in Affirm in the third quarter worth approximately $31,000. CoreCap Advisors LLC grew its stake in Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after purchasing an additional 358 shares in the last quarter. Finally, Strive Financial Group LLC bought a new position in Affirm in the fourth quarter worth approximately $33,000. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Down 2.9%

Shares of NASDAQ AFRM opened at $65.22 on Monday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The business’s 50 day moving average price is $56.18 and its 200-day moving average price is $62.62. Affirm has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 59.29, a PEG ratio of 4.00 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million for the quarter, compared to the consensus estimate of $995.27 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, sell-side analysts expect that Affirm will post 1.21 earnings per share 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.