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

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

A number of research analysts have recently commented on the stock. Mizuho reissued an “outperform” rating and issued a $65.00 target price on shares of Affirm in a report on Tuesday, August 27th. Susquehanna initiated coverage on shares of Affirm in a research note on Friday, September 20th. They set a “positive” rating and a $52.00 target price on the stock. Royal Bank of Canada increased their price target on Affirm from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, August 29th. Wedbush increased their target price on Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $42.00 target price on shares of Affirm in a research report on Monday, June 24th.

Insider Activity

In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Christa S. Quarles sold 14,400 shares of the company’s 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 in the company, valued at approximately $5,678,958.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of Affirm stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the transaction, the insider now owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,075 shares of company stock worth $4,803,786. Company insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several institutional investors have recently bought and sold shares of AFRM. Vanguard Group Inc. boosted its holdings in Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares during the last quarter. Capital World Investors boosted its holdings in Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after purchasing an additional 77,050 shares during the last quarter. Baillie Gifford & Co. grew its position in Affirm by 4.2% in the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after purchasing an additional 749,368 shares in the last quarter. Dragoneer Investment Group LLC purchased a new stake in shares of Affirm during the second quarter valued at approximately $45,219,000. Finally, Norges Bank purchased a new stake in shares of Affirm during the 4th quarter valued at $67,310,000. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 5.7 %

Shares of NASDAQ AFRM opened at $38.48 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The stock has a market capitalization of $11.90 billion, a P/E ratio of -17.26 and a beta of 3.51. The stock’s fifty day moving average is $34.56 and its 200 day moving average is $32.96. Affirm has a 52 week low of $15.97 and a 52 week high of $52.48.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The firm had revenue of $659.19 million for the quarter, compared to the consensus estimate of $599.50 million. Sell-side analysts forecast that Affirm will post -0.82 earnings per share for the current fiscal year.

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.