Affirm (NASDAQ:AFRM) PT Lowered to $41.00

Affirm (NASDAQ:AFRM) had its target price decreased by research analysts at Barclays from $50.00 to $41.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 32.82% from the stock’s current price.

Other research analysts have also issued research reports about the company. Morgan Stanley lowered Affirm from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $15.00 to $20.00 in a research report on Monday, December 18th. JPMorgan Chase & Co. boosted their price objective on Affirm from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Needham & Company LLC initiated coverage on Affirm in a research report on Wednesday, April 3rd. They set a “hold” rating for the company. Stephens boosted their price objective on Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada boosted their price objective on Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $30.87 on Tuesday. Affirm has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The business has a 50 day moving average price of $36.73 and a two-hundred day moving average price of $34.45. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. The firm has a market cap of $9.47 billion, a PE ratio of -12.40 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. The company had revenue of $591.11 million during the quarter, compared to analyst estimates of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. Sell-side analysts expect that Affirm will post -2.45 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the sale, the director now owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.05% of the company’s stock.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently modified their holdings of the company. Planned Solutions Inc. acquired a new position in shares of Affirm in the 4th quarter worth $25,000. Covestor Ltd acquired a new position in shares of Affirm in the 1st quarter worth $30,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Affirm in the 4th quarter worth $33,000. Finally, American International Group Inc. acquired a new position in shares of Affirm in the 2nd quarter worth $33,000. Institutional investors own 69.29% of the company’s stock.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.