Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $67.32 Average PT from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-seven brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $67.32.

Several analysts have recently weighed in on AFRM shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Affirm in a research note on Thursday, July 17th. They set a "buy" rating and a $78.00 price target for the company. Barclays upped their price objective on shares of Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Morgan Stanley dropped their price objective on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. UBS Group dropped their price target on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Stephens started coverage on shares of Affirm in a research report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price target on the stock.

Affirm Stock Down 2.0%

Shares of NASDAQ:AFRM traded down $1.32 during midday trading on Tuesday, hitting $65.43. 5,159,135 shares of the company's stock were exchanged, compared to its average volume of 8,311,015. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. The stock has a 50 day moving average price of $60.17 and a 200-day moving average price of $56.57. The company has a market cap of $21.11 billion, a PE ratio of -311.57, a price-to-earnings-growth ratio of 2.63 and a beta of 3.63. Affirm has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last announced 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. The business had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company's revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) EPS. On average, sell-side analysts anticipate that Affirm will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, insider Katherine Adkins sold 57,102 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $70.27, for a total value of $4,012,557.54. Following the transaction, the insider owned 112,467 shares of the company's stock, valued at approximately $7,903,056.09. This represents a 33.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $60.86, for a total value of $152,150.00. Following the transaction, the director owned 36,497 shares of the company's stock, valued at approximately $2,221,207.42. The trade was a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,247 shares of company stock valued at $6,422,823. 11.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Affirm

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in Affirm by 15.6% during the second quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company's stock valued at $90,000 after buying an additional 175 shares during the period. KLP Kapitalforvaltning AS raised its stake in shares of Affirm by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock worth $2,219,000 after acquiring an additional 200 shares in the last quarter. Allworth Financial LP raised its stake in shares of Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Affirm by 0.6% in the first quarter. Sei Investments Co. now owns 41,066 shares of the company's stock worth $1,856,000 after buying an additional 226 shares during the period. Finally, HB Wealth Management LLC increased its holdings in shares of Affirm by 2.2% in the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock worth $518,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

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.