Affirm (NASDAQ:AFRM) Coverage Initiated by Analysts at TD Cowen

TD Cowen began coverage on shares of Affirm (NASDAQ:AFRM - Free Report) in a research report report published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $50.00 target price on the stock.

Other research analysts have also recently issued research reports about the stock. Compass Point upgraded 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, March 19th. William Blair started coverage on Affirm in a research report on Wednesday, January 15th. They issued an "outperform" rating for the company. Barclays increased their price target on Affirm from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Affirm in a research note on Thursday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affirm from $45.00 to $75.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.74.

Affirm Stock Performance

NASDAQ:AFRM traded down $0.25 during trading hours on Tuesday, hitting $40.49. 9,163,453 shares of the company traded hands, compared to its average volume of 8,326,586. 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 firm has a 50-day moving average of $55.81 and a 200 day moving average of $56.09. Affirm has a twelve month low of $22.25 and a twelve month high of $82.53. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of -62.29 and a beta of 3.68.

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

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,086 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the transaction, the director now owns 77,608 shares in the company, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares of the company's stock, valued at $1,785,282.66. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,762 shares of company stock worth $3,241,246 in the last ninety days. 12.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hanseatic Management Services Inc. grew its stake in Affirm by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company's stock worth $109,000 after purchasing an additional 194 shares during the period. Venturi Wealth Management LLC grew its position in shares of Affirm by 29.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company's stock worth $87,000 after buying an additional 325 shares during the period. Prestige Wealth Management Group LLC increased its stake in shares of Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock worth $46,000 after acquiring an additional 332 shares in the last quarter. Waldron Private Wealth LLC increased its stake in shares of Affirm by 7.0% in the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company's stock worth $334,000 after acquiring an additional 357 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock valued at $32,000 after acquiring an additional 410 shares during the period. Institutional investors own 69.29% of the company's stock.

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.