UBS Group Raises Affirm (NASDAQ:AFRM) Price Target to $82.00

Affirm (NASDAQ:AFRM) had its price target increased by stock analysts at UBS Group from $78.00 to $82.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 22.70% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Robert W. Baird set a $70.00 target price on shares of Affirm in a research report on Friday. Citigroup restated a “buy” rating on shares of Affirm in a report on Wednesday, April 15th. Bank of America upped their target price on Affirm from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Monday. Cantor Fitzgerald increased their target price on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets began coverage on Affirm in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.80.

Affirm Trading Up 0.6%

Shares of AFRM stock traded up $0.38 during trading hours on Monday, reaching $66.83. The company’s stock had a trading volume of 1,521,976 shares, compared to its average volume of 6,103,458. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. Affirm has a one year low of $42.10 and a one year high of $100.00. The stock has a market capitalization of $22.26 billion, a P/E ratio of 60.65, a P/E/G ratio of 4.47 and a beta of 3.72. The firm’s fifty day simple moving average is $53.30 and its 200 day simple moving average is $63.04.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.57% and a net margin of 9.63%.The company had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. Equities research analysts expect that Affirm will post 1.08 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the firm’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 transaction, the director owned 38,076 shares of the company’s stock, valued at approximately $2,094,180. This trade represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after purchasing an additional 3,892 shares in the last quarter. Empowered Funds LLC grew its position in Affirm by 90.7% in the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after purchasing an additional 8,014 shares during the period. Focus Partners Wealth bought a new stake in shares of Affirm in the first quarter worth $243,000. EverSource Wealth Advisors LLC grew its stake in shares of Affirm by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after purchasing an additional 427 shares during the period. Finally, First Trust Advisors LP increased its holdings in Affirm by 44.8% during the second quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after buying an additional 59,297 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.