Affirm (NASDAQ:AFRM) Upgraded to Buy at Compass Point

Compass Point upgraded shares of Affirm (NASDAQ:AFRM) from a neutral rating to a buy rating in a research report released on Wednesday, Marketbeat reports. Compass Point currently has $64.00 price target on the stock, up from their prior price target of $61.00.

Several other equities analysts also recently issued reports on AFRM. 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 report on Friday, February 7th. William Blair started coverage on shares of Affirm in a report on Wednesday, January 15th. They set an “outperform” rating for the company. Morgan Stanley lifted their price target on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, UBS Group raised their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.41.

Affirm Price Performance

NASDAQ:AFRM opened at $47.71 on Wednesday. The company has a 50-day moving average of $61.00 and a 200-day moving average of $55.95. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of -73.40 and a beta of 3.63. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last announced its quarterly 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 net margin of 7.10% and a negative return on equity of 7.25%. As a group, equities research analysts anticipate that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director now directly owns 137,325 shares in the company, valued at approximately $10,986,000. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock worth $3,920,543 in the last quarter. 12.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AFRM. KBC Group NV lifted its stake in Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after buying an additional 233 shares in the last quarter. Natixis Advisors LLC bought a new position in Affirm in the third quarter valued at approximately $759,000. Swiss National Bank lifted its stake in Affirm by 0.9% in the third quarter. Swiss National Bank now owns 463,500 shares of the company’s stock valued at $18,920,000 after buying an additional 4,000 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Affirm in the third quarter valued at approximately $391,000. Institutional investors own 69.29% of the company’s stock.

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.