Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $70.24.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Affirm from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Bank of America increased their price objective on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. William Blair started coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, Barclays raised their price target on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 10th.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now owns 77,608 shares in the company, valued at $4,665,792.96. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael Linford sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. The trade was a 82.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 754,482 shares of company stock worth $52,297,805. Insiders own 12.41% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several large investors have recently modified their holdings of AFRM. Durable Capital Partners LP increased its stake in shares of Affirm by 97.3% during the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock worth $356,769,000 after purchasing an additional 2,888,827 shares during the last quarter. Norges Bank purchased a new stake in shares of Affirm during the 4th quarter worth approximately $139,949,000. Capital International Investors purchased a new stake in shares of Affirm during the 4th quarter worth approximately $100,030,000. Foxhaven Asset Management LP purchased a new stake in shares of Affirm during the 4th quarter worth approximately $80,917,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Affirm during the 4th quarter worth approximately $76,738,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of AFRM opened at $68.55 on Friday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $21.80 billion, a P/E ratio of -105.46 and a beta of 3.66. The firm’s fifty day simple moving average is $64.62 and its two-hundred day simple moving average is $52.68. Affirm has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, analysts predict that Affirm will post -0.18 EPS for the current year.

Affirm Company Profile

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.