Affirm (NASDAQ:AFRM) Receives "Outperform" Rating from BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Affirm (NASDAQ:AFRM - Free Report) in a research note released on Thursday morning, Marketbeat reports. They currently have a $69.00 target price on the stock.

Several other analysts have also issued reports on AFRM. The Goldman Sachs Group cut their price target on shares of Affirm from $90.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Royal Bank of Canada increased their target price on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Affirm from $45.00 to $75.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on Affirm from $56.00 to $74.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Finally, JMP Securities raised their target price on shares of Affirm from $78.00 to $85.00 and gave the stock a "market outperform" rating in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Affirm has a consensus rating of "Moderate Buy" and an average price target of $69.76.

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Affirm Price Performance

Shares of NASDAQ AFRM traded up $2.64 during trading hours on Thursday, reaching $52.54. 6,141,517 shares of the stock traded hands, compared to its average volume of 8,042,500. The company's 50-day simple moving average is $60.63 and its two-hundred day simple moving average is $56.23. The company has a market capitalization of $16.71 billion, a P/E ratio of -80.83 and a beta of 3.63. Affirm has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM - Get Free Report) last posted 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 net margin of 7.10% and a negative return on equity of 7.25%. Equities research analysts forecast that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O'hare sold 6,541 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Rabois sold 16,088 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the sale, the director now owns 61,520 shares in the company, valued at approximately $3,935,434.40. This trade represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,301 shares of company stock valued at $3,920,543. 12.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AFRM. Itau Unibanco Holding S.A. purchased a new position in shares of Affirm during the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. increased 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 buying an additional 410 shares in the last quarter. R Squared Ltd bought a new position in Affirm during the 4th quarter valued at approximately $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm during the fourth quarter valued at $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Affirm in the fourth quarter worth $43,000. 69.29% of the stock is owned by hedge funds and other 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.