Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $66.74 Average Target Price from Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $66.74.

A number of equities research analysts have weighed in on AFRM shares. Barclays lifted their target price on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. TD Cowen began coverage on Affirm in a research note on Tuesday, April 8th. They set a “buy” rating and a $50.00 price target on the stock. The Goldman Sachs Group reduced their target price on Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Royal Bank of Canada lifted their price objective 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $69.00 target price on shares of Affirm in a report on Thursday, March 20th.

Affirm Stock Performance

NASDAQ:AFRM opened at $41.59 on Friday. Affirm has a 12-month low of $22.25 and a 12-month high of $82.53. The stock has a 50-day moving average price of $54.96 and a 200 day moving average price of $56.09. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $13.23 billion, a P/E ratio of -63.98 and a beta of 3.68.

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

Insider Buying and Selling at Affirm

In other Affirm news, Director Christa S. Quarles sold 5,000 shares of the business’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 transaction of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total transaction of $730,556.08. Following the sale, the director now directly owns 45,432 shares of the company’s stock, valued at approximately $2,063,067.12. This trade represents a 26.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock worth $3,241,246 over the last quarter. 12.41% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in Affirm by 37.6% in the third quarter. HighTower Advisors LLC now owns 62,811 shares of the company’s stock valued at $2,566,000 after purchasing an additional 17,153 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Affirm in the 3rd quarter valued at $228,000. National Bank of Canada FI raised its stake in Affirm by 127.3% during the 3rd quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock worth $180,000 after acquiring an additional 2,470 shares in the last quarter. Arete Wealth Advisors LLC purchased a new stake in Affirm in the third quarter valued at $244,000. Finally, Tidal Investments LLC boosted its stake in Affirm by 208.6% in the third quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock valued at $889,000 after acquiring an additional 14,720 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.