Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $83.60 Consensus Target Price from Brokerages

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been given a consensus rating of “Moderate Buy” by the twenty-nine research firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $83.76.

A number of research analysts recently weighed in on the company. Robert W. Baird started coverage on Affirm in a report on Thursday, February 19th. They issued a “neutral” rating and a $55.00 target price on the stock. Zacks Research upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Wall Street Zen downgraded Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Friday, March 27th. Finally, Mizuho decreased their target price on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 9th.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the completion of the sale, the director directly owned 38,076 shares in the company, valued at $2,094,180. The trade was a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new stake in shares of Affirm in the third quarter worth about $19,077,000. Resona Asset Management Co. Ltd. purchased a new position in Affirm in the 3rd quarter worth approximately $6,036,000. Gateway Investment Advisers LLC acquired a new stake in Affirm in the third quarter valued at approximately $1,315,000. Envestnet Asset Management Inc. grew its position in Affirm by 26.1% in the third quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock valued at $17,185,000 after acquiring an additional 48,734 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Affirm by 96.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,261,611 shares of the company’s stock worth $93,889,000 after purchasing an additional 618,988 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of AFRM stock opened at $63.48 on Thursday. Affirm has a one year low of $42.10 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The company has a 50 day moving average price of $51.34 and a 200 day moving average price of $63.36. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of 78.37, a price-to-earnings-growth ratio of 4.55 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned $0.23 EPS. Affirm’s revenue for the quarter was up 29.6% on a year-over-year basis. Sell-side analysts anticipate that Affirm will post 1.08 EPS for the current year.

About Affirm

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.