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

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-four analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $64.15.

A number of research analysts recently issued reports on AFRM shares. Compass Point upgraded Affirm from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $61.00 to $64.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. TD Cowen began coverage on Affirm in a research report on Tuesday, April 8th. They set a "buy" rating and a $50.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a report on Friday, February 7th. Finally, Morgan Stanley dropped their price target on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 16,089 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.00, for a total value of $820,539.00. Following the sale, the director now directly owns 29,343 shares in the company, valued at approximately $1,496,493. This trade represents a 35.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the business's 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 transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,677 shares of company stock worth $1,665,545 over the last ninety days. Corporate insiders own 11.82% of the company's stock.

Institutional Trading of Affirm

Large investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS boosted its holdings in Affirm by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock valued at $2,219,000 after acquiring an additional 200 shares during the last quarter. Allworth Financial LP increased its holdings in Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after buying an additional 219 shares during the last quarter. Sei Investments Co. increased its holdings in Affirm by 0.6% in the 1st quarter. Sei Investments Co. now owns 41,066 shares of the company's stock worth $1,856,000 after acquiring an additional 226 shares during the last quarter. HB Wealth Management LLC grew its stake in Affirm by 2.2% in the 1st quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock valued at $518,000 after buying an additional 252 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Affirm by 2.1% during the 1st quarter. Amalgamated Bank now owns 13,773 shares of the company's stock valued at $622,000 after buying an additional 280 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Price Performance

AFRM stock traded up $1.38 during mid-day trading on Monday, hitting $55.71. 6,297,789 shares of the stock were exchanged, compared to its average volume of 8,544,788. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of -85.71 and a beta of 3.58. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm has a 12 month low of $22.25 and a 12 month high of $82.53. The business has a fifty day moving average price of $47.59 and a 200 day moving average price of $57.09.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The company had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. During the same period in the prior year, the firm earned ($0.43) earnings per share. Affirm's revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts anticipate that Affirm will post -0.18 EPS for the current year.

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.