Stephens Raises Affirm (NASDAQ:AFRM) Price Target to $16.00

Affirm (NASDAQ:AFRMFree Report) had its target price upped by Stephens from $6.00 to $16.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other equities analysts also recently issued reports on AFRM. Royal Bank of Canada upped their price target on Affirm from $26.00 to $50.00 and gave the company a sector perform rating in a report on Friday. Mizuho upped their price target on Affirm from $24.00 to $30.00 and gave the company a buy rating in a report on Wednesday, November 15th. Wells Fargo & Company upped their price target on Affirm from $17.00 to $20.00 and gave the company an equal weight rating in a report on Thursday, November 9th. The Goldman Sachs Group upped their price target on Affirm from $18.00 to $20.00 and gave the company a neutral rating in a report on Friday. Finally, Jefferies Financial Group raised Affirm from an underperform rating to a hold rating and upped their price target for the company from $9.50 to $30.00 in a report on Tuesday, November 28th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $26.97.

View Our Latest Analysis on AFRM

Affirm Stock Up 2.6 %

AFRM stock opened at $45.00 on Friday. The company’s 50 day moving average price is $43.82 and its 200 day moving average price is $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. Affirm has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of -18.07 and a beta of 3.72.

Insider Transactions at Affirm

In other news, major shareholder Private Ltd Gic sold 2,906,591 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $63,748,778.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Michael Linford sold 65,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $50.00, for a total value of $3,250,000.00. Following the completion of the transaction, the chief financial officer now owns 99,063 shares in the company, valued at $4,953,150. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Private Ltd Gic sold 2,906,591 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $40.02, for a total value of $116,321,771.82. Following the completion of the transaction, the insider now 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. Insiders sold 3,036,591 shares of company stock worth $122,951,772 over the last 90 days. 13.05% of the stock is currently owned by insiders.

Institutional Trading of Affirm

A number of large investors have recently made changes to their positions in AFRM. Norges Bank acquired a new stake in shares of Affirm during the fourth quarter valued at $20,544,000. Vanguard Group Inc. boosted its stake in shares of Affirm by 12.9% during the first quarter. Vanguard Group Inc. now owns 16,498,384 shares of the company’s stock valued at $763,545,000 after acquiring an additional 1,883,050 shares during the last quarter. State Street Corp boosted its stake in shares of Affirm by 96.6% during the second quarter. State Street Corp now owns 3,571,814 shares of the company’s stock valued at $64,507,000 after acquiring an additional 1,755,252 shares during the last quarter. Capital World Investors boosted its stake in shares of Affirm by 9.5% during the second quarter. Capital World Investors now owns 16,783,050 shares of the company’s stock valued at $257,284,000 after acquiring an additional 1,453,822 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Affirm by 38.2% during the first quarter. BlackRock Inc. now owns 5,180,921 shares of the company’s stock valued at $239,773,000 after acquiring an additional 1,432,202 shares during the last quarter. Institutional investors and hedge funds 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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