Affirm (NASDAQ:AFRM) Stock Price Up 5.3%

Affirm Holdings, Inc. (NASDAQ:AFRMGet Free Report) traded up 5.3% during trading on Friday . The stock traded as high as $33.12 and last traded at $32.97. 3,966,035 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 9,047,002 shares. The stock had previously closed at $31.32.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wedbush reiterated an “underperform” rating and issued a $20.00 price target on shares of Affirm in a report on Friday, February 9th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. Barclays reduced their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their price target on shares of Affirm from $50.00 to $43.00 and set a “sector perform” rating for the company in a research report on Thursday, May 9th. Finally, Stephens increased their target price on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.53.

Get Our Latest Stock Report on Affirm

Affirm Stock Performance

The firm has a 50-day moving average of $33.95 and a two-hundred day moving average of $36.67. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $10.46 billion, a PE ratio of -15.17 and a beta of 3.56.

Affirm (NASDAQ:AFRMGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.27. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $549.99 million. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. Affirm’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period last year, the business earned ($0.69) earnings per share. Research analysts anticipate that Affirm Holdings, Inc. will post -1.98 EPS for the current year.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now directly owns 60,000 shares in the company, valued at approximately $1,927,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Affirm

A number of institutional investors and hedge funds have recently made changes to their positions in AFRM. Creative Financial Designs Inc. ADV lifted its holdings in shares of Affirm by 82.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Global Wealth Strategies & Associates boosted its holdings in shares of Affirm by 94.0% during the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Affirm by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock valued at $2,032,000 after acquiring an additional 480 shares during the last quarter. Planned Solutions Inc. acquired a new position in Affirm in the fourth quarter valued at $25,000. Finally, Signaturefd LLC lifted its stake in shares of Affirm by 9.0% during the third quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after purchasing an additional 528 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.com's FREE daily email newsletter.