Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $68.24 Consensus Target Price from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $69.76.

A number of brokerages have weighed in on AFRM. Royal Bank of Canada raised their target price on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. The Goldman Sachs Group reduced their target price on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Affirm in a report on Thursday. Finally, Compass Point raised Affirm from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $64.00 in a report on Wednesday.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,301 shares of company stock valued at $3,920,543. 12.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AFRM. Oppenheimer Asset Management Inc. raised its position in shares of Affirm by 10.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 24,902 shares of the company’s stock worth $1,016,000 after acquiring an additional 2,432 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Affirm in the 3rd quarter worth about $1,419,000. KBC Group NV raised its position in shares of Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after acquiring an additional 222 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares in the last quarter. Finally, Natixis Advisors LLC bought a new position in shares of Affirm in the 3rd quarter worth about $759,000. 69.29% of the stock is owned by institutional investors.

Affirm Price Performance

Affirm stock opened at $49.90 on Wednesday. The stock’s fifty day moving average price is $60.68 and its two-hundred day moving average price is $55.93. Affirm has a one year low of $22.25 and a one year high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm has a market cap of $15.87 billion, a PE ratio of -76.77 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, research analysts expect that Affirm will post -0.18 EPS for the current fiscal year.

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.