Analysts Set Affirm Holdings, Inc. (NASDAQ:AFRM) PT at $88.20

Affirm Holdings, Inc. (NASDAQ:AFRM) has been assigned an average rating of “Moderate Buy” from the thirty analysts that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $90.3462.

AFRM has been the subject of a number of research reports. Citigroup raised their price objective on Affirm from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Barclays initiated coverage on Affirm in a report on Wednesday. They set an “overweight” rating and a $97.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Wednesday, June 24th. Citizens Jmp dropped their price target on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Finally, Truist Financial boosted their target price on Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th.

Affirm Price Performance

Shares of AFRM traded down $0.36 during trading hours on Tuesday, reaching $83.42. The stock had a trading volume of 3,468,851 shares, compared to its average volume of 4,079,038. The stock has a market capitalization of $27.94 billion, a PE ratio of 75.84, a PEG ratio of 3.43 and a beta of 3.67. Affirm has a 12 month low of $42.10 and a 12 month high of $100.00. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The company’s 50-day moving average is $71.67 and its two-hundred day moving average is $63.66.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million for 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 company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. Research analysts expect that Affirm will post 1.23 EPS for the current year.

Insider Activity

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares in the company, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the business’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. This represents a 45.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 104,000 shares of company stock valued at $8,244,000. 11.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Affirm

Large investors have recently added to or reduced their stakes in the company. Greenline Wealth Management LLC purchased a new stake in Affirm during the fourth quarter valued at about $26,000. Triumph Capital Management purchased a new position in Affirm in the 3rd quarter worth approximately $31,000. CoreCap Advisors LLC boosted its stake in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the period. Strive Financial Group LLC bought a new position in shares of Affirm in the fourth quarter worth approximately $33,000. Finally, Larson Financial Group LLC raised its holdings in Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.