Affirm (NASDAQ:AFRM) Price Target Raised to $90.00

Affirm (NASDAQ:AFRM) had its price target raised by The Goldman Sachs Group from $78.00 to $90.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Barclays lifted their price target on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $61.00 in a research note on Tuesday, January 28th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

Affirm Stock Performance

Affirm stock opened at $75.66 on Monday. The company’s 50-day moving average price is $63.49 and its 200-day moving average price is $50.37. Affirm has a twelve month low of $22.25 and a twelve month high of $79.67. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a market cap of $23.76 billion, a PE ratio of -116.40 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share 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 7.29%. On average, equities research analysts forecast that Affirm will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, CFO Robert O’hare sold 11,218 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $70.00, for a total transaction of $785,260.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Libor Michalek sold 77,105 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $64.08, for a total transaction of $4,940,888.40. Following the completion of the sale, the president now directly owns 159,449 shares in the company, valued at $10,217,491.92. This trade represents a 32.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,038,626 shares of company stock worth $70,690,871 in the last 90 days. 12.41% of the stock is owned by corporate insiders.

Institutional Trading of Affirm

Several large investors have recently made changes to their positions in AFRM. ORG Wealth Partners LLC purchased a new stake in shares of Affirm in the 3rd quarter valued at $29,000. Kathleen S. Wright Associates Inc. boosted its holdings in Affirm by 27.6% during the third quarter. Kathleen S. Wright Associates Inc. now owns 5,210 shares of the company’s stock worth $213,000 after buying an additional 1,128 shares in the last quarter. Aspiriant LLC purchased a new stake in Affirm during the third quarter worth $206,000. Friedenthal Financial purchased a new stake in Affirm during the third quarter worth $721,000. Finally, Raymond James & Associates boosted its holdings in Affirm by 27.9% during the third quarter. Raymond James & Associates now owns 88,988 shares of the company’s stock worth $3,632,000 after buying an additional 19,394 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.