Affirm (NASDAQ:AFRM) Stock Rating Upgraded by Seaport Res Ptn

Seaport Res Ptn upgraded shares of Affirm (NASDAQ:AFRM) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other analysts have also weighed in on the company. 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 research note on Tuesday, March 18th. Royal Bank of Canada lifted their price target on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $69.00 target price on shares of Affirm in a report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.76.

Affirm Price Performance

AFRM stock opened at $48.32 on Monday. The stock has a market cap of $15.37 billion, a PE ratio of -74.34 and a beta of 3.63. Affirm has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a 50-day moving average price of $60.35 and a 200 day moving average price of $56.27. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Equities research analysts anticipate that Affirm will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the director now owns 137,325 shares in the company, valued at $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,301 shares of company stock worth $3,920,543 in the last three months. Corporate insiders own 12.41% of the company’s stock.

Institutional Investors Weigh In On Affirm

Hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Affirm during the fourth quarter worth about $28,000. Geneos Wealth Management Inc. increased its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd acquired a new stake in Affirm in the 4th quarter valued at about $33,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm in the fourth quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Affirm during the 4th quarter worth $43,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

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.