Affirm Holdings, Inc. (NASDAQ:AFRM) Receives $68.09 Average Target Price from Analysts

Key Points

• Affirm Holdings, Inc. has a consensus rating of "Moderate Buy" from 29 analysts, with an average target price of $68.09 for its stock.
• Recently, significant insider activity was reported, including a director selling 2,500 shares valued at approximately $152,150.
• Institutional investors hold approximately 69.29% of Affirm's stock, indicating strong institutional interest in the company.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirty analysts that are currently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $68.7391.

AFRM has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research note on Wednesday, July 2nd. UBS Group cut their price objective on Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft began coverage on Affirm in a report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Citigroup reissued an "overweight" rating on shares of Affirm in a report on Monday, June 30th. Finally, Truist Financial increased their price objective on Affirm from $58.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, July 17th.

Affirm Stock Down 4.0%

Affirm stock traded down $3.1630 during midday trading on Friday, reaching $75.0770. The company's stock had a trading volume of 2,652,407 shares, compared to its average volume of 7,065,740. The stock's 50-day simple moving average is $68.16 and its 200-day simple moving average is $58.53. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. Affirm has a 52-week low of $28.47 and a 52-week high of $82.53. The stock has a market capitalization of $24.22 billion, a P/E ratio of -356.79, a PEG ratio of 2.92 and a beta of 3.63.

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 754 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $67.43, for a total transaction of $50,842.22. Following the sale, the director directly owned 137,241 shares of the company's stock, valued at $9,254,160.63. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the firm's 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 sale, the director directly owned 36,497 shares in the company, valued at approximately $2,221,207.42. This trade represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,114 shares of company stock valued at $11,825,169. Insiders own 11.82% of the company's stock.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Durable Capital Partners LP boosted its position in Affirm by 97.3% during the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after purchasing an additional 2,888,827 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Affirm by 140.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after purchasing an additional 2,657,074 shares in the last quarter. Norges Bank purchased a new position in Affirm during the second quarter worth approximately $183,475,000. Atreides Management LP boosted its position in Affirm by 543.3% during the second quarter. Atreides Management LP now owns 1,977,882 shares of the company's stock worth $136,751,000 after purchasing an additional 1,670,429 shares in the last quarter. Finally, Capital International Investors purchased a new position in Affirm during the fourth quarter worth approximately $100,030,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Company Profile

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.