Affirm’s (AFRM) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Affirm (NASDAQ:AFRM) in a research report report published on Tuesday, Benzinga reports.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group boosted their target price on Affirm from $18.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Barclays cut their price target on Affirm from $50.00 to $41.00 and set an overweight rating on the stock in a research report on Tuesday, April 16th. Needham & Company LLC reaffirmed a hold rating on shares of Affirm in a research report on Tuesday. BMO Capital Markets lifted their price target on Affirm from $44.00 to $47.00 and gave the stock a market perform rating in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Affirm from $24.00 to $35.00 and gave the stock a hold rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Affirm presently has an average rating of Hold and a consensus price target of $27.86.

Affirm Price Performance

AFRM stock opened at $31.65 on Tuesday. The business has a 50 day moving average price of $35.33 and a 200 day moving average price of $34.90. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of -12.71 and a beta of 3.57. Affirm has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. The firm had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. Equities research analysts anticipate that Affirm will post -2.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now owns 78,552 shares of the company’s stock, valued at $2,701,403.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AFRM. Norges Bank acquired a new position in Affirm during the fourth quarter worth $67,310,000. Leo Wealth LLC acquired a new position in Affirm during the fourth quarter worth $57,647,000. Vanguard Group Inc. grew its holdings in Affirm by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 19,506,902 shares of the company’s stock worth $958,569,000 after acquiring an additional 769,843 shares during the period. RJA Asset Management LLC acquired a new position in Affirm during the first quarter worth $14,808,000. Finally, Quadrature Capital Ltd purchased a new stake in Affirm during the fourth quarter worth $16,927,000. Institutional investors and hedge funds 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.