Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $46.03 Consensus Target Price from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) has been given a consensus rating of "Hold" by the nineteen brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $46.03.

A number of research firms have recently issued reports on AFRM. Wedbush upgraded Affirm from an "underperform" rating to a "neutral" rating and increased their target price for the company from $25.00 to $45.00 in a research note on Monday, October 14th. Susquehanna increased their target price on shares of Affirm from $52.00 to $57.00 and gave the stock a "positive" rating in a report on Friday, November 8th. Mizuho restated an "outperform" rating and set a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. Wells Fargo & Company raised their price target on shares of Affirm from $52.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Friday, September 6th.

Affirm Stock Performance

NASDAQ AFRM traded down $1.61 on Thursday, hitting $53.21. 8,250,402 shares of the company's stock were exchanged, compared to its average volume of 9,001,504. 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 has a fifty-two week low of $22.25 and a fifty-two week high of $59.27. The firm's 50-day moving average price is $44.13 and its two-hundred day moving average price is $35.50. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of -37.47 and a beta of 3.47.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter last year, the company earned ($0.57) earnings per share. On average, research analysts expect that Affirm will post -0.6 EPS for the current year.

Insiders Place Their Bets

In other news, insider Katherine Adkins sold 6,084 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now owns 122,069 shares of the company's stock, valued at $5,493,105. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert O'hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold 403,738 shares of company stock worth $21,115,878 in the last quarter. 12.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affirm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC purchased a new position in Affirm in the 2nd quarter worth approximately $45,219,000. Vanguard Group Inc. boosted its position in shares of Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company's stock valued at $775,895,000 after purchasing an additional 1,316,901 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Affirm during the 3rd quarter valued at about $30,808,000. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $89,935,000 after acquiring an additional 672,883 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Affirm in the 1st quarter worth approximately $20,150,000. 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.