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

Key Points

• Affirm has a “Moderate Buy” consensus rating from 32 analysts, with 24 issuing buy ratings and eight recommending hold. The average 12-month price target is $98.78, above the reported share price of $71.21.
• Recent analysts raised several price targets, including Piper Sandler and Goldman Sachs to $115, while Truist Financial raised its target to $85; Robert W. Baird maintained a neutral rating with an $82 target.
• Affirm reported quarterly earnings of $4.62 per share, sharply beating the $0.35 consensus estimate, while revenue rose 33.1% year over year to $1.07 billion. However, insiders sold 314,527 shares worth nearly $25 million over the last quarter.

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) have earned an average rating of "Moderate Buy" from the thirty-two research firms that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $98.7778.

A number of equities analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Affirm from $83.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Piper Sandler raised their target price on Affirm from $103.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. The Goldman Sachs Group lifted their price target on Affirm from $106.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Robert W. Baird increased their price target on shares of Affirm from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Finally, Compass Point set a $100.00 price target on shares of Affirm in a research report on Friday, July 17th.

Affirm Price Performance

Shares of AFRM stock opened at $71.21 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.80 and a current ratio of 11.80. Affirm has a fifty-two week low of $42.10 and a fifty-two week high of $92.56. The firm has a market cap of $24.03 billion, a P/E ratio of 12.90, a P/E/G ratio of 2.91 and a beta of 3.61. The business's 50 day moving average price is $74.72 and its 200-day moving average price is $66.73.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.20 earnings per share. The firm's revenue for the quarter was up 33.1% compared to the same quarter last year. On average, equities research analysts anticipate that Affirm will post 1.87 earnings per share for the current year.

Insider Buying and Selling at Affirm

In related news, COO Michael Linford sold 100,000 shares of the company's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total value of $8,004,000.00. Following the sale, the chief operating officer owned 117,984 shares in the company, valued at $9,443,439.36. This represents a 45.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the transaction, the chief accounting officer owned 188,711 shares of the company's stock, valued at $13,623,047.09. This represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 314,527 shares of company stock valued at $24,978,716. Corporate insiders own 11.01% of the company's stock.

Institutional Investors Weigh In On Affirm

A number of hedge funds have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC purchased a new position in Affirm in the fourth quarter worth about $49,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Affirm during the 1st quarter valued at about $34,000. Ascentis Independent Advisors bought a new position in shares of Affirm in the 1st quarter worth approximately $41,000. CX Institutional lifted its stake in shares of Affirm by 2,724.3% in the 2nd quarter. CX Institutional now owns 1,045 shares of the company's stock worth $85,000 after purchasing an additional 1,008 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Affirm in the second quarter worth approximately $91,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides flexible payment options for consumers and commerce-enabling tools for merchants. Its core business is buy now, pay later financing, allowing eligible shoppers to pay for purchases over time through fixed installment plans, with terms and pricing that vary by transaction and consumer qualification.

Affirm's products include point-of-sale financing integrated into merchant checkout experiences, the Affirm app and marketplace, and the Affirm Card, which is designed to let users convert eligible purchases into installment plans.

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