Affirm (NASDAQ:AFRM) PT Raised to $45.00 at JPMorgan Chase & Co.

Affirm (NASDAQ:AFRM) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $43.00 to $45.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 44.18% from the company’s current price.

AFRM has been the topic of several other reports. The Goldman Sachs Group reissued a “buy” rating and set a $42.00 price target on shares of Affirm in a research report on Monday, June 24th. BTIG Research began coverage on shares of Affirm in a research report on Friday, June 7th. They issued a “neutral” rating for the company. BMO Capital Markets cut their target price on Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Friday, May 10th. JMP Securities assumed coverage on shares of Affirm in a research report on Friday, June 28th. They set a “market perform” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Thursday, May 9th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.97.

Affirm Trading Up 2.9 %

Shares of AFRM traded up $0.87 during trading hours on Tuesday, hitting $31.21. The stock had a trading volume of 1,557,818 shares, compared to its average volume of 8,009,148. Affirm has a 12-month low of $13.74 and a 12-month high of $52.48. The firm has a market cap of $9.65 billion, a P/E ratio of -14.01 and a beta of 3.45. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94. The company’s fifty day simple moving average is $29.10 and its 200 day simple moving average is $32.88.

Insider Buying and Selling

In other news, Director Keith Rabois sold 9,275 shares of the stock in a transaction on 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 in the company, valued at $1,730,961.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.05% of the company’s stock.

Institutional Trading of Affirm

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Affirm during the fourth quarter valued at $1,698,000. Cerity Partners LLC bought a new stake in shares of Affirm in the 4th quarter valued at approximately $251,000. Strs Ohio acquired a new position in Affirm in the fourth quarter worth approximately $851,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Affirm by 12.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,464 shares of the company’s stock valued at $2,283,000 after acquiring an additional 5,106 shares in the last quarter. Finally, Xponance Inc. acquired a new stake in Affirm in the fourth quarter valued at approximately $402,000. 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.