Affirm (NASDAQ:AFRM) Upgraded at Compass Point

Compass Point upgraded shares of Affirm (NASDAQ:AFRM) from a neutral rating to a buy rating in a research note released on Wednesday morning, MarketBeat.com reports. They currently have $64.00 target price on the stock, up from their prior target price of $61.00.

AFRM has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. The Goldman Sachs Group lowered their price objective on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Mizuho boosted their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada boosted their target price on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.76.

Affirm Stock Performance

Shares of AFRM opened at $49.90 on Wednesday. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The business’s 50 day moving average price is $60.68 and its 200-day moving average price is $55.93. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The stock has a market cap of $15.87 billion, a P/E ratio of -76.77 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Equities research analysts anticipate that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. This represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the sale, the director now directly owns 61,520 shares in the company, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,301 shares of company stock valued at $3,920,543 in the last ninety days. 12.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Affirm

Institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Affirm during the fourth quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd purchased a new position in shares of Affirm during the fourth quarter worth approximately $33,000. Coppell Advisory Solutions LLC purchased a new position in shares of Affirm during the fourth quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Affirm during the fourth quarter worth approximately $43,000. 69.29% of the stock is owned by hedge funds and other 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.