Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have received a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.53.

A number of analysts recently commented on the stock. Wedbush upped their price target on shares of Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $42.00 price target on shares of Affirm in a research report on Monday, June 24th. Bank of America raised their price objective on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. BTIG Research assumed coverage on shares of Affirm in a report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 9,275 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the sale, the director now directly owns 64,348 shares in the company, valued at approximately $1,730,961.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Keith Rabois sold 9,275 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the sale, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. The disclosure for this sale can be found here. Insiders sold a total of 112,075 shares of company stock valued at $4,803,786 over the last quarter. 13.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Wealth Strategies & Associates boosted its position in Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after buying an additional 470 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC grew its stake in shares of Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in Affirm during the 4th quarter valued at about $33,000. Finally, Myecfo LLC raised its position in Affirm by 6.1% during the 2nd quarter. Myecfo LLC now owns 11,671 shares of the company’s stock valued at $353,000 after purchasing an additional 676 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $38.48 on Wednesday. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of -17.26 and a beta of 3.51. The stock has a fifty day simple moving average of $34.56 and a two-hundred day simple moving average of $32.96. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm has a 1-year low of $15.97 and a 1-year high of $52.48.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million for the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. Analysts anticipate that Affirm will post -0.82 earnings per share for the current year.

About Affirm

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.