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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-three research firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $67.00.

A number of research firms have recently commented on AFRM. The Goldman Sachs Group dropped their price objective on shares of Affirm from $90.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. UBS Group increased their price target on shares of Affirm from $46.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Seaport Res Ptn upgraded Affirm to a "hold" rating in a report on Monday, March 24th. Finally, JMP Securities upped their price target on Affirm from $78.00 to $85.00 and gave the stock a "market outperform" rating in a research note on Friday, February 7th.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $51.54 on Thursday. The business's fifty day moving average price is $46.78 and its two-hundred day moving average price is $56.51. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock has a market cap of $16.39 billion, a PE ratio of -79.29 and a beta of 3.66. Affirm has a one year low of $22.25 and a one year high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, analysts forecast that Affirm will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now directly owns 61,520 shares in the company, valued at approximately $3,935,434.40. This represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,765 shares of company stock valued at $3,094,694 in the last ninety days. Corporate insiders own 12.41% of the company's stock.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently modified their holdings of AFRM. Allworth Financial LP grew its position in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after buying an additional 219 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Affirm in the fourth quarter worth $28,000. Geneos Wealth Management Inc. lifted its stake in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock valued at $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd acquired a new position in shares of Affirm during the fourth quarter valued at $33,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Affirm during the fourth quarter worth about $40,000. 69.29% of the stock is owned by institutional investors and hedge funds.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.

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