Affirm (NASDAQ:AFRM) Price Target Raised to $82.00 at UBS Group

Affirm (NASDAQ:AFRM) had its price target increased by stock analysts at UBS Group from $78.00 to $82.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 22.70% from the stock’s current price.

AFRM has been the subject of a number of other reports. Needham & Company LLC lifted their price objective on shares of Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday. Susquehanna restated a “positive” rating and set a $100.00 price target on shares of Affirm in a research report on Friday, February 6th. Truist Financial increased their price objective on Affirm from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. BTIG Research reissued a “neutral” rating on shares of Affirm in a research note on Thursday, February 26th. Finally, Mizuho reduced their target price on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.80.

Affirm Stock Up 0.6%

Affirm stock traded up $0.38 during trading on Monday, hitting $66.83. 1,521,976 shares of the company were exchanged, compared to its average volume of 6,103,458. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $22.26 billion, a P/E ratio of 60.65, a PEG ratio of 4.47 and a beta of 3.72. The business’s 50 day moving average is $53.30 and its 200 day moving average is $63.04. Affirm has a 52 week low of $42.10 and a 52 week high of $100.00.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. The firm had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.57%. The business’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 EPS. Analysts predict that Affirm will post 1.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $55.00, for a total value of $110,000.00. Following the transaction, the director owned 38,076 shares of the company’s stock, valued at $2,094,180. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AFRM. Assetmark Inc. boosted its position in Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the period. Greenline Wealth Management LLC bought a new stake in Affirm in the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in shares of Affirm in the third quarter valued at about $31,000. CoreCap Advisors LLC raised its stake in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after acquiring an additional 358 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in shares of Affirm during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Company Profile

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.