Affirm’s (AFRM) Outperform Rating Reiterated at Mizuho

Mizuho restated their outperform rating on shares of Affirm (NASDAQ:AFRMFree Report) in a research report released on Tuesday, Benzinga reports. They currently have a $65.00 target price on the stock.

AFRM has been the subject of a number of other reports. The Goldman Sachs Group reiterated a buy rating and issued a $42.00 price target on shares of Affirm in a report on Monday, June 24th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $43.00 price target on shares of Affirm in a report on Friday, May 24th. JPMorgan Chase & Co. lifted their target price on Affirm from $43.00 to $45.00 and gave the company an overweight rating in a research note on Tuesday, August 20th. JMP Securities started coverage on Affirm in a report on Friday, June 28th. They issued a market perform rating on the stock. Finally, BTIG Research began coverage on Affirm in a research note on Friday, June 7th. They set a neutral rating for the company. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $33.79.

Check Out Our Latest Research Report on Affirm

Affirm Trading Up 31.9 %

NASDAQ:AFRM opened at $41.66 on Tuesday. Affirm has a one year low of $15.97 and a one year high of $52.48. The business’s 50-day simple moving average is $29.15 and its 200 day simple moving average is $32.38. 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 stock has a market cap of $12.88 billion, a price-to-earnings ratio of -18.68 and a beta of 3.45.

Affirm (NASDAQ:AFRMGet Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to the consensus estimate of $599.50 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. As a group, sell-side analysts predict that Affirm will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Monday, July 1st. The stock was sold at an average price of $29.89, for a total transaction of $277,259.64. Following the transaction, the director now owns 73,623 shares in the company, valued at $2,200,591.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Affirm

Institutional investors have recently modified their holdings of the stock. Dragoneer Investment Group LLC bought a new stake in shares of Affirm in the 2nd quarter valued at approximately $45,219,000. Norges Bank acquired a new stake in Affirm in the 4th quarter valued at approximately $67,310,000. Vanguard Group Inc. raised its stake in Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after purchasing an additional 1,316,901 shares during the last quarter. Leo Wealth LLC acquired a new stake in Affirm during the fourth quarter worth about $57,647,000. Finally, Baillie Gifford & Co. lifted its position in shares of 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 acquiring an additional 749,368 shares during the period. Institutional investors and hedge funds 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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Analyst Recommendations for Affirm (NASDAQ:AFRM)

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