Barclays Boosts Affirm (NASDAQ:AFRM) Price Target to $67.00

Affirm (NASDAQ:AFRM - Get Free Report) had its price target boosted by equities research analysts at Barclays from $53.00 to $67.00 in a report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 11.07% from the company's current price.

Several other equities research analysts also recently commented on AFRM. BMO Capital Markets reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Affirm in a research note on Thursday, March 20th. JPMorgan Chase & Co. lowered their price objective on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Seaport Res Ptn raised Affirm to a "hold" rating in a research note on Monday, March 24th. The Goldman Sachs Group lifted their target price on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Bank of America increased their price target on Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.85.

Affirm Trading Up 2.4%

Shares of Affirm stock traded up $1.40 on Monday, hitting $60.32. 3,534,411 shares of the company's stock traded hands, compared to its average volume of 8,559,315. The firm's 50-day moving average price is $47.85 and its two-hundred day moving average price is $56.95. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The stock has a market capitalization of $19.46 billion, a PE ratio of -92.96 and a beta of 3.58. Affirm has a one year low of $22.25 and a one year high of $82.53.

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

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the completion of the transaction, the director now directly owns 45,432 shares in the company, valued at $2,063,067.12. This trade represents a 26.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the company'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 sale, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,677 shares of company stock worth $1,665,545. Insiders own 11.82% of the company's stock.

Hedge Funds Weigh In On Affirm

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Affirm in the 4th quarter valued at about $28,000. Coppell Advisory Solutions LLC bought a new position in Affirm during the fourth quarter worth about $40,000. Strategic Investment Solutions Inc. IL acquired a new position in Affirm during the fourth quarter worth approximately $43,000. Finally, Creative Financial Designs Inc. ADV increased its position in Affirm by 640.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after buying an additional 640 shares during the last quarter. 69.29% of the stock is currently 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.

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