Affirm (NASDAQ:AFRM) Research Coverage Started at Evercore ISI

Evercore ISI started coverage on shares of Affirm (NASDAQ:AFRM) in a report issued on Wednesday morning, MarketBeat reports. The firm issued an outperform rating and a $50.00 target price on the stock.

AFRM has been the topic of several other reports. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, February 7th. Royal Bank of Canada increased 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. The Goldman Sachs Group cut their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Seaport Res Ptn raised Affirm to a “hold” rating in a research report on Monday, March 24th. Finally, William Blair assumed coverage on Affirm in a report on Wednesday, January 15th. They set an “outperform” rating for the company. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $66.74.

Affirm Stock Down 0.6 %

Shares of AFRM stock opened at $40.49 on Wednesday. Affirm has a 52-week low of $22.25 and a 52-week high of $82.53. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of -62.29 and a beta of 3.68. The firm’s 50-day moving average is $55.81 and its 200-day moving average is $56.09. 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 released its quarterly earnings data 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%. Sell-side analysts predict that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 137,325 shares in the company, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the company’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 transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,762 shares of company stock worth $3,241,246. Corporate insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in shares of Affirm by 37.6% during the 3rd quarter. HighTower Advisors LLC now owns 62,811 shares of the company’s stock valued at $2,566,000 after acquiring an additional 17,153 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Affirm by 8.7% during the third quarter. Janus Henderson Group PLC now owns 110,282 shares of the company’s stock valued at $4,502,000 after purchasing an additional 8,782 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Affirm during the third quarter worth about $228,000. National Bank of Canada FI grew its holdings in shares of Affirm by 127.3% during the third quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock worth $180,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Affirm in the third quarter valued at approximately $1,618,000. 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.