Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Rating of “Moderate Buy” from Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has earned a consensus rating of “Moderate Buy” from the thirty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $92.7407.

AFRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Affirm from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Robert W. Baird lifted their price target on shares of Affirm from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Zacks Research raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Compass Point set a $100.00 price target on shares of Affirm in a report on Friday, July 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a research note on Wednesday, June 24th.

Insider Transactions at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the transaction, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of Affirm stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $80.04, for a total value of $8,004,000.00. Following the completion of the transaction, the chief operating officer owned 117,984 shares of the company’s stock, valued at $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% 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. Greenline Wealth Management LLC acquired a new position in Affirm in the fourth quarter worth $26,000. Syntegra Private Wealth Group LLC bought a new stake in Affirm during the first quarter valued at $28,000. Triumph Capital Management acquired a new stake in shares of Affirm during the third quarter worth $31,000. CoreCap Advisors LLC lifted its position in shares of Affirm by 431.3% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after buying an additional 358 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in shares of Affirm in the 4th quarter worth about $33,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Down 1.7%

Shares of NASDAQ AFRM opened at $75.25 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. Affirm has a 1 year low of $42.10 and a 1 year high of $100.00. The stock’s 50-day simple moving average is $75.19 and its 200-day simple moving average is $63.50. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 68.41, a PEG ratio of 3.12 and a beta of 3.71.

Affirm (NASDAQ:AFRM) last issued its quarterly 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 11.17% and a net margin of 9.63%.The firm 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 business posted $0.01 earnings per share. Affirm’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities analysts anticipate that Affirm will post 1.23 earnings per share for the current fiscal 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.