Affirm Holdings, Inc. (NASDAQ:AFRM) Given Average Rating of "Moderate Buy" by Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $62.88.

Several equities research analysts have weighed in on the company. Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Susquehanna cut Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a report on Tuesday, January 21st. Morgan Stanley upped their price target on Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Affirm from $56.00 to $74.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Finally, JMP Securities raised Affirm from a "market perform" rating to an "outperform" rating and set a $78.00 price target on the stock in a report on Friday, December 20th.

Affirm Trading Down 1.5 %

AFRM stock traded down $0.96 during midday trading on Tuesday, reaching $61.14. 3,748,330 shares of the company traded hands, compared to its average volume of 5,230,850. Affirm has a 52-week low of $22.25 and a 52-week high of $73.34. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of -43.06 and a beta of 3.67. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The business has a 50 day moving average of $63.66 and a 200-day moving average of $47.84.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter last year, the firm posted ($0.57) EPS. As a group, sell-side analysts expect that Affirm will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the completion of the sale, the director now owns 41,497 shares of the company's stock, valued at $2,989,858.85. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Linford sold 400,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company's stock, valued at $5,893,125.80. This trade represents a 82.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,323,478 shares of company stock valued at $86,285,371 in the last three months. 12.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Affirm

A number of hedge funds have recently bought and sold shares of the stock. ORG Wealth Partners LLC bought a new position in shares of Affirm during the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. raised its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd acquired a new position in Affirm during the 4th quarter valued at about $33,000. Advisors Asset Management Inc. boosted its stake in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company's stock valued at $44,000 after acquiring an additional 671 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company's stock worth $45,000 after purchasing an additional 732 shares during the period. 69.29% of the stock is owned by 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.