Affirm (NASDAQ:AFRM) Now Covered by Analysts at William Blair

William Blair initiated coverage on shares of Affirm (NASDAQ:AFRM) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued an outperform rating on the stock.

A number of other brokerages have also recently weighed in on AFRM. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Mizuho boosted their target price on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Susquehanna boosted their price objective on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Finally, Bank of America raised their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.94.

Affirm Stock Up 5.2 %

Shares of Affirm stock opened at $58.21 on Wednesday. The business has a fifty day simple moving average of $63.42 and a 200 day simple moving average of $45.68. The stock has a market cap of $18.28 billion, a PE ratio of -40.99 and a beta of 3.67. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm has a 12 month low of $22.25 and a 12 month high of $73.34.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.05. The company had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period in the previous year, the company earned ($0.57) EPS. Research analysts predict that Affirm will post -0.53 EPS for the current year.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now owns 93,694 shares of the company’s stock, valued at $5,839,010.08. The trade was a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,323,478 shares of company stock valued at $86,285,371. 12.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Affirm

A number of institutional investors and hedge funds have recently modified their holdings of AFRM. ORG Wealth Partners LLC acquired a new position in Affirm during the third quarter worth approximately $29,000. Advisors Asset Management Inc. boosted its stake in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after acquiring an additional 732 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in Affirm in the 3rd quarter valued at $65,000. Finally, Brooklyn Investment Group acquired a new stake in Affirm during the 3rd quarter valued at $78,000. 69.29% of the stock is owned by institutional investors.

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.