Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $98.78 Consensus Target Price from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus recommendation of “Moderate Buy” by the thirty-two analysts that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $98.7778.

A number of equities research analysts recently weighed in on AFRM shares. Loop Capital initiated coverage on Affirm in a research report on Wednesday, September 9th. They set a “buy” rating and a $105.00 target price on the stock. Needham & Company LLC set a $85.00 price target on Affirm in a report on Wednesday, September 16th. The Goldman Sachs Group raised their price objective on Affirm from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Scotiabank initiated coverage on Affirm in a report on Wednesday, September 2nd. They set a “sector outperform” rating and a $95.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their price objective on Affirm from $80.00 to $96.00 and gave the company a “sector perform” rating in a research report on Friday, August 28th.

Insiders Place Their Bets

In other news, insider Katherine Adkins sold 41,664 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider owned 152,439 shares in the company, valued at approximately $11,513,717.67. This represents a 21.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $72.19, for a total transaction of $1,947,686.20. Following the transaction, the chief accounting officer directly owned 188,711 shares of the company’s stock, valued at $13,623,047.09. The trade was a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 314,527 shares of company stock worth $24,978,716 over the last 90 days. Corporate insiders own 11.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Syntegra Private Wealth Group LLC bought a new position in Affirm in the 1st quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Affirm in the 1st quarter valued at $34,000. Ascentis Independent Advisors acquired a new stake in shares of Affirm in the 1st quarter valued at $41,000. Osbon Capital Management LLC bought a new stake in shares of Affirm during the fourth quarter worth $49,000. Finally, Oslo Pensjonsforsikring AS bought a new stake in shares of Affirm during the first quarter worth $66,000. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

NASDAQ:AFRM opened at $71.77 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. Affirm has a one year low of $42.10 and a one year high of $90.44. The company has a fifty day moving average price of $74.25 and a 200 day moving average price of $67.19. The stock has a market cap of $24.22 billion, a P/E ratio of 13.00, a PEG ratio of 2.91 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $4.27. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. Analysts anticipate that Affirm will post 1.87 earnings per share for the current year.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides flexible payment options for consumers and commerce-enabling tools for merchants. Its core business is buy now, pay later financing, allowing eligible shoppers to pay for purchases over time through fixed installment plans, with terms and pricing that vary by transaction and consumer qualification.

Affirm’s products include point-of-sale financing integrated into merchant checkout experiences, the Affirm app and marketplace, and the Affirm Card, which is designed to let users convert eligible purchases into installment plans.