Analysts Set Affirm Holdings, Inc. (NASDAQ:AFRM) Price Target at $27.86

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned an average recommendation of “Reduce” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.86.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Affirm in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Barclays lowered their target price on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. Finally, Wedbush restated an “underperform” rating and set a $20.00 price objective on shares of Affirm in a report on Friday, February 9th.

Insider Buying and Selling

In related news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now directly owns 78,552 shares of the company’s stock, valued at $2,701,403.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Planned Solutions Inc. purchased a new position in Affirm during the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Affirm by 82.2% during the 4th 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 in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $33,000. Global Wealth Strategies & Associates boosted its holdings in shares of Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after buying an additional 470 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $49,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Down 4.6 %

Shares of NASDAQ AFRM opened at $31.88 on Friday. The firm has a market cap of $9.78 billion, a PE ratio of -12.80 and a beta of 3.58. Affirm has a 12-month low of $8.80 and a 12-month high of $52.48. The company’s fifty day simple moving average is $35.14 and its 200 day simple moving average is $35.32. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The firm had revenue of $591.11 million for the quarter, compared to analyst estimates of $523.92 million. As a group, sell-side analysts forecast that Affirm will post -2.45 earnings per share for the current fiscal year.

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.