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

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus recommendation of “Moderate Buy” by the twenty-eight research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $86.6667.

AFRM has been the subject of several research analyst reports. Evercore reaffirmed an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Needham & Company LLC decreased their target price on Affirm from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Wall Street Zen downgraded Affirm from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Susquehanna reissued a “positive” rating and issued a $100.00 price objective on shares of Affirm in a research note on Friday, February 6th. Finally, Royal Bank Of Canada decreased their price objective on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, February 6th.

Affirm Stock Down 5.2%

Shares of NASDAQ AFRM opened at $56.54 on Friday. The company’s 50 day moving average price is $70.90 and its 200-day moving average price is $74.06. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a market capitalization of $18.66 billion, a P/E ratio of 69.80, a price-to-earnings-growth ratio of 2.23 and a beta of 3.56.

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

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 711,256 shares of company stock valued at $57,231,923 in the last 90 days. 11.01% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its holdings in Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the last quarter. Huntington National Bank increased its stake in Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after buying an additional 336 shares during the last quarter. Mather Group LLC. bought a new position in shares of Affirm during the 3rd quarter worth approximately $29,000. SouthState Corp boosted its stake in shares of Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of Affirm in the third quarter valued at approximately $31,000. 69.29% of the stock is owned by institutional investors.

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.