Analysts Set Affirm Holdings, Inc. (NASDAQ:AFRM) Target Price at $55.33

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) have received an average rating of "Hold" from the seventeen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $55.33.

A number of research firms have recently commented on AFRM. Bank of America increased their target price on Affirm from $50.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research note on Friday, September 6th. Wells Fargo & Company increased their target price on Affirm from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Mizuho upped their price target on Affirm from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, Barclays upped their price target on Affirm from $64.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, November 25th.

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now owns 141,903 shares of the company's stock, valued at $5,678,958.06. This trade represents a 9.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Libor Michalek sold 100,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $62.00, for a total value of $6,200,000.00. Following the sale, the president now owns 159,449 shares of the company's stock, valued at $9,885,838. This represents a 38.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 985,065 shares of company stock valued at $60,544,069 over the last quarter. 12.41% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

Several institutional investors have recently made changes to their positions in the business. Spyglass Capital Management LLC grew its position in shares of Affirm by 9.3% during the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company's stock worth $95,849,000 after purchasing an additional 200,449 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company's stock worth $89,935,000 after purchasing an additional 672,883 shares in the last quarter. Dragoneer Investment Group LLC purchased a new stake in shares of Affirm during the second quarter worth about $45,219,000. Bank of New York Mellon Corp grew its position in shares of Affirm by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company's stock worth $26,190,000 after purchasing an additional 176,675 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Affirm during the third quarter worth about $30,808,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Stock Down 4.3 %

AFRM stock traded down $3.06 during midday trading on Monday, hitting $68.82. The stock had a trading volume of 6,480,079 shares, compared to its average volume of 9,045,729. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of -50.62 and a beta of 3.66. The business has a 50-day moving average of $52.01 and a two-hundred day moving average of $39.36. Affirm has a 52-week low of $22.25 and a 52-week high of $72.82. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts' consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to analysts' expectations of $661.39 million. During the same period in the prior year, the firm posted ($0.57) earnings per share. As a group, equities research analysts forecast that Affirm will post -0.53 earnings per share for the current fiscal year.

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.