Affirm (NASDAQ:AFRM) Earns Hold Rating from Analysts at Needham & Company LLC

Research analysts at Needham & Company LLC started coverage on shares of Affirm (NASDAQ:AFRMGet Free Report) in a research report issued to clients and investors on Wednesday, reports. The firm set a “hold” rating on the stock.

Several other equities research analysts have also weighed in on AFRM. The Goldman Sachs Group lifted their price target on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Wedbush restated an “underperform” rating and set a $20.00 target price on shares of Affirm in a report on Friday, February 9th. JPMorgan Chase & Co. increased their price target on shares of Affirm from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Royal Bank of Canada boosted their price objective on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Finally, Morgan Stanley downgraded shares of Affirm from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $15.00 to $20.00 in a research note on Monday, December 18th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to, Affirm presently has a consensus rating of “Hold” and a consensus target price of $26.97.

Get Our Latest Stock Analysis on AFRM

Affirm Trading Down 2.1 %

NASDAQ:AFRM opened at $34.09 on Wednesday. The company has a 50-day moving average price of $38.71 and a 200-day moving average price of $33.67. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of -13.69 and a beta of 3.58. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. Affirm has a 12 month low of $8.80 and a 12 month high of $52.48.

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

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the completion of the transaction, the director now owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Affirm

A number of large investors have recently added to or reduced their stakes in the stock. Planned Solutions Inc. bought a new position in shares of Affirm during the 4th quarter valued at $25,000. Covestor Ltd purchased a new stake in Affirm during the first quarter valued at $30,000. Creative Financial Designs Inc. ADV lifted its holdings in Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Raleigh Capital Management Inc. purchased a new position in Affirm in the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates grew its stake in shares of 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 purchasing an additional 470 shares during the period. Institutional investors own 69.29% of the company’s stock.

About Affirm

(Get Free Report)

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.

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