Barclays Issues Positive Forecast for Affirm (NASDAQ:AFRM) Stock Price

Affirm (NASDAQ:AFRM - Free Report) had its target price boosted by Barclays from $64.00 to $75.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

AFRM has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on Affirm from $47.00 to $56.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price target on shares of Affirm from $46.00 to $54.00 and gave the company a "buy" rating in a report on Monday, October 14th. Wedbush upgraded shares of Affirm from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Needham & Company LLC restated a "hold" rating on shares of Affirm in a research report on Friday, September 6th. Finally, Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Affirm has an average rating of "Hold" and an average target price of $51.13.

Affirm Stock Performance

NASDAQ:AFRM traded up $2.80 during mid-day trading on Monday, reaching $69.35. 8,305,996 shares of the company's stock were exchanged, compared to its average volume of 9,099,317. Affirm has a one year low of $22.25 and a one year high of $70.20. 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's fifty day simple moving average is $47.39 and its two-hundred day simple moving average is $37.01. The firm has a market capitalization of $21.78 billion, a PE ratio of -48.84 and a beta of 3.47.

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

Insider Transactions at Affirm

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the transaction, the director now owns 141,903 shares in the company, valued at $5,678,958.06. This trade represents a 9.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Katherine Adkins sold 82,316 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares in the company, valued at approximately $4,117,455. This trade represents a 47.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 671,100 shares of company stock worth $38,575,547 in the last quarter. Insiders own 12.41% of the company's stock.

Hedge Funds Weigh In On Affirm

A number of institutional investors have recently added to or reduced their stakes in AFRM. ORG Wealth Partners LLC bought a new position in Affirm during the third quarter valued at approximately $29,000. Ridgewood Investments LLC bought a new position in shares of Affirm during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. raised its position in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company's stock worth $44,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC lifted its stake in Affirm by 200.5% in 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 last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock valued at $36,000 after buying an additional 540 shares during the period. 69.29% of the stock is currently owned by institutional investors.

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.