Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM) has received a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $85.00.

Several analysts have issued reports on AFRM shares. Evercore restated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. Royal Bank Of Canada reduced their price objective on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, February 6th. Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Truist Financial cut their price target on Affirm from $85.00 to $71.00 and set a “buy” rating for the company in a report on Friday, February 20th.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $109,440. This represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.01% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of 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 purchasing an additional 3,892 shares during the period. Empowered Funds LLC increased its stake in Affirm by 90.7% in the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after acquiring an additional 8,014 shares during the last quarter. Focus Partners Wealth bought a new position in Affirm in the 1st quarter worth about $243,000. Legal & General Group Plc raised its holdings in shares of Affirm by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 289,865 shares of the company’s stock valued at $20,041,000 after acquiring an additional 20,936 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Affirm by 10.2% during the 2nd quarter. Prudential Financial Inc. now owns 17,985 shares of the company’s stock valued at $1,243,000 after acquiring an additional 1,670 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Affirm Stock Down 3.0%

Affirm stock opened at $42.53 on Friday. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 1.57 and a beta of 3.61. The firm’s fifty day moving average price is $54.09 and its two-hundred day moving average price is $67.44. Affirm has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business posted $0.23 EPS. The firm’s revenue was up 29.6% compared to the same quarter last year. On average, equities research analysts predict that Affirm will post -0.18 earnings per share for the current fiscal year.

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.