Affirm (NASDAQ:AFRM) Given New $82.00 Price Target at UBS Group

Affirm (NASDAQ:AFRM) had its price objective hoisted by UBS Group from $78.00 to $82.00 in a research note released on Monday,MarketScreener reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Truist Financial increased their price objective on shares of Affirm from $71.00 to $75.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a report on Friday, March 27th. Citizens Jmp cut their price target on Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research note on Friday, April 17th. Susquehanna reaffirmed a “positive” rating and set a $100.00 price objective on shares of Affirm in a research note on Friday, February 6th. Finally, Morgan Stanley set a $79.00 price objective on Affirm and gave the company an “overweight” rating in a report on Sunday. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.80.

Affirm Trading Up 0.3%

AFRM stock traded up $0.17 during midday trading on Monday, reaching $66.62. The stock had a trading volume of 1,574,608 shares, compared to its average volume of 6,103,458. The firm has a market cap of $22.19 billion, a price-to-earnings ratio of 60.63, a PEG ratio of 4.47 and a beta of 3.72. Affirm has a twelve month low of $42.10 and a twelve month high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58. The business has a fifty day simple moving average of $53.30 and a two-hundred day simple moving average of $63.04.

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

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the completion of the transaction, the director owned 38,076 shares in the company, valued at $2,094,180. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a 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. Insiders own 11.01% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several institutional investors have recently added to or reduced their stakes in the stock. ABN Amro Investment Solutions lifted its holdings in shares of Affirm by 3.6% in the first quarter. ABN Amro Investment Solutions now owns 10,931 shares of the company’s stock valued at $501,000 after purchasing an additional 378 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Affirm by 14.0% during the first quarter. PNC Financial Services Group Inc. now owns 11,608 shares of the company’s stock worth $532,000 after buying an additional 1,422 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in Affirm in the 1st quarter valued at approximately $66,000. Andra AP fonden raised its position in Affirm by 121.4% in the 1st quarter. Andra AP fonden now owns 159,400 shares of the company’s stock valued at $7,304,000 after buying an additional 87,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Affirm by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,574,660 shares of the company’s stock valued at $72,100,000 after acquiring an additional 166,252 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

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.