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

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $61.88.

A number of equities research analysts recently commented on AFRM shares. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and increased their target price for the company from $25.00 to $45.00 in a research report on Monday, October 14th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $22.00 to $37.00 in a report on Wednesday, October 9th.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the sale, the insider now owns 93,545 shares in the company, valued at approximately $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Linford sold 400,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares in the company, valued at approximately $5,893,125.80. This represents a 82.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,323,478 shares of company stock worth $86,285,371 over the last 90 days. 12.41% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the third quarter valued at about $29,000. Geneos Wealth Management Inc. grew its position in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at about $33,000. Advisors Asset Management Inc. grew its position in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Down 1.0 %

NASDAQ:AFRM opened at $55.17 on Tuesday. Affirm has a 52 week low of $22.25 and a 52 week high of $73.34. The firm has a 50 day moving average of $63.95 and a 200 day moving average of $47.47. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of -38.85 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The company had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter in the prior year, the company posted ($0.57) earnings per share. As a group, sell-side analysts anticipate that Affirm will post -0.62 earnings per share for the current fiscal year.

About Affirm

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.