Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have received an average recommendation of “Moderate Buy” from the thirty-one brokerages that are currently covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $89.1739.

A number of analysts have weighed in on AFRM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research report on Monday, December 29th. Rothschild & Co Redburn upgraded Affirm from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $101.00 in a research note on Monday, October 6th. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research report on Wednesday, December 17th. Evercore ISI reissued an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Finally, Cowen restated a “buy” rating on shares of Affirm in a research note on Thursday, January 8th.

Affirm Stock Up 4.1%

Shares of NASDAQ:AFRM opened at $74.76 on Tuesday. Affirm has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. The stock has a market cap of $24.68 billion, a P/E ratio of 111.58, a P/E/G ratio of 3.38 and a beta of 3.57. The firm has a fifty day moving average price of $72.59 and a 200 day moving average price of $74.49.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The business had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the prior year, the company earned ($0.31) earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. Sell-side analysts predict that Affirm will post -0.18 EPS for the current year.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at $109,440. This trade represents a 96.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 711,256 shares of company stock valued at $57,231,923. 11.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Affirm

A number of hedge funds and other institutional investors have recently bought and sold shares of AFRM. Yousif Capital Management LLC increased its holdings in shares of Affirm by 5.1% in the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock valued at $237,000 after purchasing an additional 158 shares in the last quarter. Farther Finance Advisors LLC grew its position in Affirm by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $108,000 after buying an additional 171 shares during the period. Assetmark Inc. increased its holdings in Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares in the last quarter. GAMMA Investing LLC increased its holdings in Affirm by 4.4% in the third quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after buying an additional 206 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Affirm by 3.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds 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.