Affirm (NASDAQ:AFRM) Price Target Increased to $50.00 by Analysts at Royal Bank of Canada

Affirm (NASDAQ:AFRMFree Report) had its target price raised by Royal Bank of Canada from $26.00 to $50.00 in a report released on Friday, Benzinga reports. They currently have a sector perform rating on the stock.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets started coverage on Affirm in a report on Wednesday, January 10th. They issued a market perform rating and a $44.00 price target for the company. Piper Sandler boosted their price target on Affirm from $11.00 to $12.00 and gave the stock an underweight rating in a report on Thursday, November 9th. Morgan Stanley cut Affirm from an equal weight rating to an underweight rating and boosted their price target for the stock from $15.00 to $20.00 in a report on Monday, December 18th. Mizuho boosted their price target on Affirm from $24.00 to $30.00 and gave the stock a buy rating in a report on Wednesday, November 15th. Finally, Wells Fargo & Company boosted their price target on Affirm from $17.00 to $20.00 and gave the stock an equal weight rating in a report on Thursday, November 9th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $26.97.

View Our Latest Stock Report on Affirm

Affirm Stock Performance

Shares of AFRM stock opened at $45.00 on Friday. Affirm has a 1 year low of $8.80 and a 1 year high of $52.48. The stock has a market cap of $13.58 billion, a PE ratio of -18.07 and a beta of 3.72. The stock has a fifty day moving average price of $43.82 and a 200 day moving average price of $28.92. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49.

Insider Buying and Selling at Affirm

In other Affirm news, major shareholder Private Ltd Gic sold 2,906,591 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.02, for a total transaction of $116,321,771.82. Following the completion of the sale, the insider now owns 1,592,923 shares of the company’s stock, valued at $63,748,778.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Michael Linford sold 65,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $52.00, for a total value of $3,380,000.00. Following the completion of the sale, the chief financial officer now owns 99,063 shares of the company’s stock, valued at $5,151,276. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Private Ltd Gic sold 2,906,591 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.02, for a total value of $116,321,771.82. Following the completion of the sale, the insider now directly owns 1,592,923 shares of the company’s stock, valued at approximately $63,748,778.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,036,591 shares of company stock valued at $122,951,772. Company insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors boosted its position in shares of Affirm by 4.8% in the second quarter. Capital Research Global Investors now owns 22,017,350 shares of the company’s stock worth $337,526,000 after buying an additional 1,007,777 shares during the period. Vanguard Group Inc. boosted its position in shares of Affirm by 1.2% in the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after buying an additional 213,421 shares during the period. Capital World Investors lifted its stake in shares of Affirm by 9.5% in the second quarter. Capital World Investors now owns 16,783,050 shares of the company’s stock worth $257,284,000 after acquiring an additional 1,453,822 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Affirm by 14.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,350,295 shares of the company’s stock worth $204,987,000 after acquiring an additional 1,404,278 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Affirm by 4.9% in the third quarter. BlackRock Inc. now owns 8,877,070 shares of the company’s stock worth $166,533,000 after acquiring an additional 415,059 shares in the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.

Affirm Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Affirm (NASDAQ:AFRM)

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