Affirm (NASDAQ:AFRM) Stock Price Target Cut by JPMorgan Chase & Co.

Affirm (NASDAQ:AFRM) had its price target dropped by JPMorgan Chase & Co. from $105.00 to $95.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 39.48% from the company’s previous close.

A number of other brokerages have also commented on AFRM. Bank of America reaffirmed a “buy” rating and issued a $109.00 price objective on shares of Affirm in a report on Friday. Dbs Bank raised Affirm to a “moderate buy” rating in a report on Wednesday, September 30th. Needham & Company LLC reissued a “buy” rating on shares of Affirm in a research report on Friday. TD Cowen decreased their price target on shares of Affirm from $124.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Finally, Loop Capital assumed coverage on shares of Affirm in a research report on Wednesday, September 9th. They set a “buy” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.96.

Affirm Price Performance

Affirm stock opened at $68.11 on Friday. Affirm has a 12 month low of $42.10 and a 12 month high of $90.44. The stock’s 50 day moving average is $72.54 and its 200-day moving average is $66.56. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $22.98 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.77 and a beta of 3.74.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Affirm had a return on equity of 47.13% and a net margin of 43.86%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. Equities research analysts expect that Affirm will post 1.89 EPS for the current year.

Insider Buying and Selling

In other Affirm news, insider Katherine Adkins sold 41,664 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total transaction of $3,146,881.92. Following the transaction, the insider owned 152,439 shares in the company, valued at $11,513,717.67. This trade represents a 21.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of Affirm stock in a transaction on Monday, September 14th. The shares were sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the transaction, the chief accounting officer directly owned 188,711 shares of the company’s stock, valued at $13,623,047.09. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 280,118 shares of company stock worth $22,223,307 in the last quarter. Insiders own 11.01% of the company’s stock.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Yousif Capital Management LLC grew its position in Affirm by 3.7% in the third quarter. Yousif Capital Management LLC now owns 3,914 shares of the company’s stock valued at $271,000 after acquiring an additional 139 shares during the last quarter. Rhodes Investment Advisors Inc. ADV lifted its holdings in shares of Affirm by 1.3% in the third quarter. Rhodes Investment Advisors Inc. ADV now owns 11,378 shares of the company’s stock worth $788,000 after acquiring an additional 149 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Affirm by 5.9% in the third quarter. Brighton Jones LLC now owns 3,019 shares of the company’s stock worth $209,000 after acquiring an additional 167 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Affirm by 5.8% in the 3rd quarter. Allworth Financial LP now owns 3,153 shares of the company’s stock valued at $218,000 after purchasing an additional 173 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Affirm by 52.9% in the 3rd quarter. Mather Group LLC. now owns 613 shares of the company’s stock valued at $42,000 after purchasing an additional 212 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm’s Q1 earnings-call discussion was characterized as signaling strong growth ahead, a potentially supportive outlook for investors. Affirm Earnings Call Signals Strong Growth Ahead
• Positive Sentiment: Citizens JMP reiterated its “Market Outperform” rating, while BMO Capital maintained a Buy rating. Citizens JMP Reiterates Market Outperform BMO Capital Remains a Buy
• Neutral Sentiment: UBS and RBC Capital kept Hold ratings, signaling a more cautious, wait-and-see stance. UBS Remains a Hold RBC Capital Maintains Hold
• Negative Sentiment: Several analysts cut price targets, including Cantor Fitzgerald ($97 to $84) and JPMorgan ($105 to $95). Both retained Overweight ratings, but the reductions may signal less confidence in near-term upside. Cantor Fitzgerald Ratings JPMorgan Ratings Piper Sandler, Barclays and Stephens also cut targets; their revised figures were not provided. Piper Sandler Target Cut Barclays Target Cut Stephens Target Cut

Affirm Company Profile