Affirm (NASDAQ:AFRM) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Affirm (NASDAQ:AFRM) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price objective on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. BMO Capital Markets reiterated an “outperform” rating and set a $69.00 price objective on shares of Affirm in a research report on Thursday, March 20th. The Goldman Sachs Group dropped their target price on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, Morgan Stanley upped their price target on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.76.

Affirm Price Performance

Shares of AFRM opened at $48.32 on Monday. The company has a market capitalization of $15.37 billion, a P/E ratio of -74.34 and a beta of 3.63. Affirm has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $60.35 and a 200 day moving average of $56.27.

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

Insiders Place Their Bets

In related news, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,301 shares of company stock worth $3,920,543 in the last three months. 12.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Affirm

Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Affirm in the 4th quarter worth $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd purchased a new position in Affirm in the fourth quarter worth about $33,000. Coppell Advisory Solutions LLC bought a new stake in Affirm during the fourth quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Affirm during the fourth quarter valued at approximately $43,000. Institutional investors own 69.29% of the company’s stock.

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.