Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Rating of “Moderate Buy” by Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRM) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $86.20.

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $79.00 target price on Affirm and gave the company an “overweight” rating in a report on Sunday, May 10th. Compass Point reaffirmed a “buy” rating and issued a $68.00 target price on shares of Affirm in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a report on Friday, March 27th. Bank of America increased their price target on Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Citigroup reiterated a “buy” rating on shares of Affirm in a research note on Wednesday, April 15th.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction on 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 directly owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Assetmark Inc. lifted its stake in shares of Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after acquiring an additional 178 shares during the last quarter. Greenline Wealth Management LLC bought a new position in shares of Affirm in the 4th quarter valued at $26,000. Syntegra Private Wealth Group LLC bought a new position in shares of Affirm in the 1st quarter valued at $28,000. Triumph Capital Management bought a new position in shares of Affirm in the 3rd quarter valued at $31,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Affirm by 431.3% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after acquiring an additional 358 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Up 5.9%

Shares of AFRM stock opened at $66.49 on Friday. The stock’s fifty day moving average price is $62.61 and its two-hundred day moving average price is $62.36. The company has a market cap of $22.27 billion, a PE ratio of 60.45, a P/E/G ratio of 3.62 and a beta of 3.70. Affirm has a fifty-two week low of $42.10 and a fifty-two week 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.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million for the quarter, compared to the consensus estimate of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company’s revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. Equities analysts predict that Affirm will post 1.25 EPS 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.