Barclays Issues Positive Forecast for Affirm (NASDAQ:AFRM) Stock Price

Affirm (NASDAQ:AFRM) had its price target lifted by equities research analysts at Barclays from $75.00 to $85.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 8.95% from the stock’s previous close.

Several other analysts have also recently weighed in on AFRM. UBS Group increased their price target on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Royal Bank of Canada lifted their target price 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. Susquehanna lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Tuesday, January 21st. Finally, William Blair initiated coverage on shares of Affirm in a report on Wednesday, January 15th. They set an “outperform” rating for the company. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and an average price target of $70.24.

Affirm Stock Performance

Affirm stock opened at $78.02 on Monday. The company has a 50 day moving average price of $63.42 and a 200-day moving average price of $50.20. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $79.67. The company has a market capitalization of $24.50 billion, a PE ratio of -120.03 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating 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 7.29%. As a group, equities analysts forecast that Affirm will post -0.59 earnings per share for the current year.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the transaction, the director now owns 41,497 shares in the company, valued at approximately $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Libor Michalek sold 100,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $62.00, for a total value of $6,200,000.00. Following the completion of the transaction, the president now owns 159,449 shares in the company, valued at $9,885,838. The trade was a 38.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,038,626 shares of company stock valued at $70,690,871 in the last ninety days. 12.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AFRM. Vanguard Group Inc. boosted its stake in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock valued at $1,328,568,000 after purchasing an additional 716,574 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Affirm in the fourth quarter worth approximately $2,978,000. Sei Investments Co. lifted its stake in Affirm by 5.3% in the fourth quarter. Sei Investments Co. now owns 40,840 shares of the company’s stock valued at $2,487,000 after buying an additional 2,067 shares during the period. Vestor Capital LLC acquired a new position in Affirm in the fourth quarter valued at approximately $3,021,000. Finally, Berkshire Capital Holdings Inc. lifted its stake in Affirm by 22.5% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 177,370 shares of the company’s stock valued at $10,802,000 after buying an additional 32,540 shares during the period. 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.