Affirm Holdings, Inc. (NASDAQ:AFRM) Given Average Recommendation of “Moderate Buy” by Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has received a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $85.00.

Several research analysts have weighed in on AFRM shares. UBS Group set a $78.00 price target on shares of Affirm in a report on Friday, February 6th. Susquehanna restated a “positive” rating and set a $100.00 price objective on shares of Affirm in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. Wolfe Research assumed coverage on Affirm in a research note on Tuesday, December 9th. They set a “peer perform” rating on the stock. Finally, Mizuho dropped their price target on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 9th.

Affirm Stock Performance

AFRM stock opened at $46.31 on Friday. Affirm has a one year low of $30.90 and a one year high of $100.00. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 57.17, a price-to-earnings-growth ratio of 1.71 and a beta of 3.63. The company has a fifty day moving average price of $51.39 and a two-hundred day moving average price of $66.03. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Affirm will post -0.18 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. This represents a 96.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

A number of institutional investors have recently bought and sold shares of AFRM. Osbon Capital Management LLC bought a new position in shares of Affirm during the fourth quarter worth approximately $49,000. World Investment Advisors boosted its stake in shares of Affirm by 6.3% in the fourth quarter. World Investment Advisors now owns 20,588 shares of the company’s stock valued at $1,532,000 after buying an additional 1,224 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Affirm by 11.9% in the fourth quarter. Corient Private Wealth LLC now owns 19,064 shares of the company’s stock valued at $1,419,000 after buying an additional 2,032 shares during the period. Hsbc Holdings PLC grew its position in Affirm by 85.4% during the fourth quarter. Hsbc Holdings PLC now owns 88,341 shares of the company’s stock worth $6,593,000 after buying an additional 40,685 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Affirm during the fourth quarter worth approximately $5,277,000. Institutional investors own 69.29% of the company’s stock.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.