Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $88.20 Average Target Price from Analysts

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given a consensus rating of “Moderate Buy” by the thirty research firms that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $90.3462.

Several equities analysts have recently commented on the stock. Stephens increased their price target on shares of Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Affirm from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Morgan Stanley set a $79.00 price objective on Affirm and gave the company an “overweight” rating in a research note on Sunday, May 10th. Needham & Company LLC increased their target price on Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company lifted their target price on Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th.

Affirm Trading Down 1.8%

AFRM opened at $81.93 on Tuesday. The stock has a market capitalization of $27.44 billion, a PE ratio of 74.48, a P/E/G ratio of 3.37 and a beta of 3.67. The firm’s fifty day moving average price is $72.02 and its 200 day moving average price is $63.60. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. Affirm has a 12-month low of $42.10 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The company had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, research analysts expect that Affirm will post 1.23 EPS for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the completion of the sale, the chief operating officer owned 117,984 shares in the company, valued at $9,443,439.36. The trade was a 45.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% decrease in their position. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Affirm by 2.1% in the first quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares during the last quarter. Empowered Funds LLC raised its position in shares of Affirm by 90.7% during 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 acquired a new stake in shares of Affirm during the 1st quarter worth approximately $243,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Affirm by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock worth $189,000 after purchasing an additional 427 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Affirm by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock worth $13,242,000 after purchasing an additional 59,297 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Company Profile

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.