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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty brokerages that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $69.76.

A number of equities analysts recently commented on AFRM shares. Royal Bank of Canada raised their price objective on shares of Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Compass Point raised shares of Affirm from a "neutral" rating to a "buy" rating and lifted their target price for the company from $61.00 to $64.00 in a research note on Wednesday. Citizens Jmp upgraded shares of Affirm from a "hold" rating to a "strong-buy" rating in a report on Friday, December 20th. BMO Capital Markets restated an "outperform" rating and set a $69.00 price target on shares of Affirm in a report on Thursday. Finally, Barclays raised their price target on shares of Affirm from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, February 10th.

Affirm Stock Performance

Shares of NASDAQ:AFRM traded up $1.95 during trading hours on Wednesday, hitting $49.90. The stock had a trading volume of 5,958,629 shares, compared to its average volume of 8,037,379. The stock's fifty day simple moving average is $60.68 and its 200 day simple moving average is $55.93. Affirm has a 1-year low of $22.25 and a 1-year high of $82.53. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of -76.77 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

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Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts anticipate that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Affirm news, CFO Robert O'hare sold 6,541 shares of Affirm stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction 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 completion of the transaction, the director now owns 137,325 shares of the company's stock, 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 62,301 shares of company stock worth $3,920,543 in the last 90 days. 12.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Affirm

Several institutional investors have recently bought and sold shares of the business. Capital Research Global Investors raised its position in Affirm by 2.0% in the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock valued at $1,477,747,000 after purchasing an additional 470,409 shares during the last quarter. Vanguard Group Inc. raised its position in Affirm by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after purchasing an additional 716,574 shares during the last quarter. Capital World Investors raised its position in Affirm by 0.4% in the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company's stock valued at $1,116,861,000 after purchasing an additional 72,582 shares during the last quarter. Durable Capital Partners LP raised its position in Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after purchasing an additional 2,888,827 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in shares of Affirm by 11.6% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock valued at $316,561,000 after buying an additional 538,892 shares during the period. 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.