Barclays Trims Affirm (NASDAQ:AFRM) Target Price to $41.00

Affirm (NASDAQ:AFRM) had its price objective cut by Barclays from $50.00 to $41.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently weighed in on AFRM. Deutsche Bank Aktiengesellschaft upped their target price on Affirm from $24.00 to $35.00 and gave the company a hold rating in a research report on Friday, February 9th. Stephens upped their target price on Affirm from $6.00 to $16.00 and gave the company an underweight rating in a research report on Friday, February 9th. Needham & Company LLC initiated coverage on Affirm in a research report on Wednesday, April 3rd. They set a hold rating for the company. JPMorgan Chase & Co. upped their target price on Affirm from $35.00 to $41.00 and gave the company a neutral rating in a research report on Friday, February 9th. Finally, BMO Capital Markets upped their target price on Affirm from $44.00 to $47.00 and gave the company a market perform rating in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $27.86.

Affirm Stock Performance

AFRM opened at $31.15 on Tuesday. The business has a fifty day simple moving average of $36.37 and a 200 day simple moving average of $34.43. The company has a market capitalization of $9.56 billion, a PE ratio of -12.51 and a beta of 3.57. Affirm has a 1 year low of $8.80 and a 1 year high of $52.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.08. The business had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. Research analysts expect that Affirm will post -2.45 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the completion of the transaction, the director now owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several institutional investors and hedge funds have recently made changes to their positions in AFRM. Planned Solutions Inc. acquired a new stake in shares of Affirm in the fourth quarter valued at about $25,000. Covestor Ltd acquired a new stake in shares of Affirm in the first quarter valued at about $30,000. Creative Financial Designs Inc. ADV increased its stake in shares of Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after buying an additional 300 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of Affirm in the fourth quarter valued at about $33,000. Finally, American International Group Inc. acquired a new stake in shares of Affirm in the second quarter valued at about $33,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Company Profile

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.