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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given an average rating of “Moderate Buy” by the thirty-one research firms that are covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $86.5652.

Several equities analysts have recently commented on AFRM shares. Wells Fargo & Company initiated coverage on shares of Affirm in a research report on Tuesday, October 21st. They set an “overweight” rating and a $89.00 price target for the company. Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Jefferies Financial Group raised their price target on shares of Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Mizuho increased their price objective on Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. Finally, Bank of America raised their target price on Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, November 7th.

Affirm Stock Down 3.7%

NASDAQ:AFRM opened at $75.64 on Friday. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. The stock has a 50 day moving average of $70.96 and a 200-day moving average of $72.78. The firm has a market capitalization of $24.97 billion, a PE ratio of 112.90, a price-to-earnings-growth ratio of 3.57 and a beta of 3.57. Affirm has a 52 week low of $30.90 and a 52 week high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business had revenue of $933.34 million during the quarter, compared to analyst estimates of $881.83 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. Analysts predict that Affirm will post -0.18 EPS for the current year.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 8,189 shares of Affirm stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $95,760. The trade was a 85.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.01% of the company’s stock.

Hedge Funds Weigh In On Affirm

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Affirm by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company’s stock worth $1,784,545,000 after acquiring an additional 223,258 shares during the period. Durable Capital Partners LP raised its holdings in Affirm by 12.3% during the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock worth $510,899,000 after purchasing an additional 808,455 shares in the last quarter. State Street Corp lifted its position in Affirm by 26.7% in the third quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after purchasing an additional 1,187,665 shares during the period. Geode Capital Management LLC boosted its stake in Affirm by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock valued at $322,195,000 after purchasing an additional 254,359 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock valued at $205,350,000 after purchasing an additional 2,657,074 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.