Affirm (NASDAQ:AFRM) Given New $69.00 Price Target at Mizuho

Affirm (NASDAQ:AFRM - Get Free Report) had its target price raised by analysts at Mizuho from $65.00 to $69.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price target indicates a potential upside of 7.88% from the stock's previous close.

A number of other brokerages have also weighed in on AFRM. Barclays increased their target price on Affirm from $54.00 to $64.00 and gave the stock an "overweight" rating in a research note on Monday. Bank of America increased their target price on Affirm from $36.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. BTIG Research upgraded Affirm from a "neutral" rating to a "buy" rating and set a $68.00 target price on the stock in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Affirm from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on Affirm from $47.00 to $56.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.85.

Affirm Stock Performance

NASDAQ:AFRM traded up $1.90 on Tuesday, hitting $63.96. The company's stock had a trading volume of 11,468,901 shares, compared to its average volume of 9,089,392. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a fifty day moving average of $44.96 and a two-hundred day moving average of $35.90. The firm has a market capitalization of $20.09 billion, a P/E ratio of -45.04 and a beta of 3.47. Affirm has a one year low of $22.25 and a one year high of $64.01.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the prior year, the company earned ($0.57) earnings per share. Research analysts predict that Affirm will post -0.53 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now owns 93,545 shares of the company's stock, valued at approximately $5,149,652.25. This trade represents a 68.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 403,738 shares of company stock valued at $21,115,878. 12.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently modified their holdings of the company. Arete Wealth Advisors LLC acquired a new stake in shares of Affirm during the 3rd quarter valued at $244,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Affirm during the 3rd quarter valued at $1,618,000. Main Management ETF Advisors LLC acquired a new stake in shares of Affirm during the 3rd quarter valued at $2,629,000. XTX Topco Ltd boosted its holdings in shares of Affirm by 25.5% during the 3rd quarter. XTX Topco Ltd now owns 54,032 shares of the company's stock valued at $2,206,000 after acquiring an additional 10,970 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Affirm by 127.3% during the 3rd quarter. National Bank of Canada FI now owns 4,410 shares of the company's stock valued at $180,000 after acquiring an additional 2,470 shares in the last quarter. Institutional investors and hedge funds 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.