Affirm (NASDAQ:AFRM) Hits New 52-Week High - What's Next?

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $79.82 and last traded at $78.74, with a volume of 497882 shares changing hands. The stock had previously closed at $79.28.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley upped their price target on Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their target price on Affirm from $70.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Affirm from $45.00 to $75.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Susquehanna cut shares of Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price target on the stock. in a research report on Tuesday, January 21st. Finally, Citizens Jmp upgraded shares of Affirm from a "hold" rating to a "strong-buy" rating in a report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Affirm currently has an average rating of "Moderate Buy" and an average price target of $70.24.

Affirm Stock Up 0.4 %

The firm's 50 day moving average price is $64.42 and its two-hundred day moving average price is $52.04. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of -124.58 and a beta of 3.66. 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 quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Robert O'hare sold 11,218 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $70.00, for a total value of $785,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Libor Michalek sold 6,629 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total value of $477,818.32. Following the sale, the president now owns 160,601 shares in the company, valued at approximately $11,576,120.08. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 938,626 shares of company stock worth $64,490,871. Company insiders own 12.41% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Affirm in the 4th quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock valued at $32,000 after purchasing an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at approximately $33,000. Coppell Advisory Solutions LLC purchased a new position in shares of Affirm during the 4th quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm during the 4th quarter worth approximately $43,000. Hedge funds and other 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.