Affirm (NASDAQ:AFRM) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Affirm (NASDAQ:AFRM - Get Free Report) in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $78.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 13.21% from the company's previous close.

AFRM has been the subject of several other research reports. Truist Financial upped their price target on shares of Affirm from $58.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday. BTIG Research lowered shares of Affirm from a "buy" rating to a "neutral" rating in a research note on Monday. JMP Securities dropped their price objective on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Wall Street Zen lowered shares of Affirm from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Evercore ISI started coverage on shares of Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.71.

Affirm Price Performance

Shares of NASDAQ:AFRM traded down $0.57 during trading on Thursday, reaching $68.90. The company had a trading volume of 4,207,993 shares, compared to its average volume of 8,313,660. The firm's fifty day moving average is $59.72 and its 200 day moving average is $56.58. The firm has a market capitalization of $22.23 billion, a PE ratio of -328.10, a price-to-earnings-growth ratio of 2.33 and a beta of 3.63. Affirm has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. During the same period in the prior year, the business posted ($0.43) EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities analysts forecast that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $60.86, for a total transaction of $152,150.00. Following the transaction, the director owned 36,497 shares of the company's stock, valued at $2,221,207.42. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the transaction, the director directly owned 29,343 shares in the company, valued at $1,496,493. The trade was a 35.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,247 shares of company stock worth $6,422,823 over the last ninety days. 11.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Affirm by 2,800.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after buying an additional 44,495 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Affirm by 2.6% in the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after purchasing an additional 3,672 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Affirm in the first quarter valued at approximately $120,000. Deutsche Bank AG raised its holdings in shares of Affirm by 2.6% in the fourth quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock valued at $1,973,000 after purchasing an additional 817 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Affirm by 5.3% in the fourth quarter. Sei Investments Co. now owns 40,840 shares of the company's stock valued at $2,487,000 after purchasing an additional 2,067 shares during the last quarter. Institutional investors own 69.29% of the company's stock.

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.