Affirm (NASDAQ:AFRM) PT Lowered to $41.00

Affirm (NASDAQ:AFRM) had its target price trimmed by Barclays from $50.00 to $41.00 in a research report released on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group increased their price target on Affirm from $18.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Wedbush restated an underperform rating and issued a $20.00 price objective on shares of Affirm in a report on Friday, February 9th. BMO Capital Markets upped their price objective on Affirm from $44.00 to $47.00 and gave the company a market perform rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on Affirm from $24.00 to $35.00 and gave the company a hold rating in a report on Friday, February 9th. Finally, Needham & Company LLC started coverage on Affirm in a report on Wednesday, April 3rd. They issued a hold rating for the company. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Affirm has a consensus rating of Hold and an average price target of $27.86.

Affirm Price Performance

Shares of AFRM opened at $31.01 on Tuesday. The company has a market cap of $9.52 billion, a P/E ratio of -12.45 and a beta of 3.57. The stock has a fifty day moving average price of $36.11 and a 200 day moving average price of $34.50. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49. Affirm has a 12 month low of $8.80 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The company had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. On average, research analysts forecast that Affirm will post -2.45 earnings per share for the current year.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now directly owns 78,552 shares of the company’s stock, valued at $2,701,403.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AFRM. Creative Financial Designs Inc. ADV increased its position in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Global Wealth Strategies & Associates increased its position in Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Affirm by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock worth $2,032,000 after purchasing an additional 480 shares during the last quarter. Planned Solutions Inc. acquired a new position in Affirm in the 4th quarter worth about $25,000. Finally, Signaturefd LLC increased its position in Affirm by 9.0% in the 3rd quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after purchasing an additional 528 shares during the last quarter. 69.29% of the stock is 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.