Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Affirm has a “Moderate Buy” consensus among 30 analysts: 21 rate it a buy, seven recommend holding, and two assign a strong-buy rating. The average 12-month price target is approximately $93.58.
• Several brokerages recently raised their price targets, including Oppenheimer to $100, Wells Fargo to $96, and Bank of America to $88; ratings ranged from neutral to outperform.
• Affirm shares opened at $77.94, up 1.4%, with a market capitalization of $26.1 billion. COO Michael Linford sold 100,000 shares for $8 million under a pre-arranged trading plan, while institutional investors own 69.29% of the stock.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) has been given an average rating of "Moderate Buy" by the thirty research firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $93.5769.

Several brokerages recently commented on AFRM. Robert W. Baird boosted their price target on Affirm from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Bank of America lifted their price objective on shares of Affirm from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Wells Fargo & Company raised their target price on Affirm from $89.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, July 8th. Zacks Research upgraded Affirm from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Oppenheimer raised their price objective on Affirm from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday.

Insider Transactions at Affirm

In related news, COO Michael Linford sold 100,000 shares of Affirm stock in a transaction on Friday, June 26th. The shares were sold at an average price of $80.04, for a total value of $8,004,000.00. Following the transaction, the chief operating officer owned 117,984 shares in the company, valued at $9,443,439.36. This trade represents a 45.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company's stock.

Hedge Funds Weigh In On Affirm

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in shares of Affirm by 63.6% during the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company's stock worth $39,000 after purchasing an additional 203 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Affirm by 36.6% in the fourth quarter. UMB Bank n.a. now owns 783 shares of the company's stock valued at $58,000 after buying an additional 210 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Affirm by 74.5% in the third quarter. Larson Financial Group LLC now owns 499 shares of the company's stock valued at $36,000 after buying an additional 213 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Affirm by 1.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 22,296 shares of the company's stock worth $1,659,000 after buying an additional 247 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Affirm by 3.6% during the first quarter. QRG Capital Management Inc. now owns 9,684 shares of the company's stock worth $444,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Trading Up 1.4%

NASDAQ AFRM opened at $77.94 on Wednesday. The stock has a market cap of $26.10 billion, a price-to-earnings ratio of 70.85, a PEG ratio of 3.11 and a beta of 3.71. The firm's 50 day moving average price is $77.18 and its two-hundred day moving average price is $64.24. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. Affirm has a twelve month low of $42.10 and a twelve month high of $100.00.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.

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