Affirm (NASDAQ:AFRM) PT Raised to $54.00

Affirm (NASDAQ:AFRM) had its price objective lifted by Barclays from $50.00 to $54.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price target on Affirm from $43.00 to $45.00 and gave the company an overweight rating in a research note on Tuesday, August 20th. Susquehanna initiated coverage on Affirm in a research report on Friday, September 20th. They issued a positive rating and a $52.00 target price for the company. BTIG Research initiated coverage on Affirm in a report on Friday, June 7th. They set a neutral rating for the company. Needham & Company LLC reiterated a hold rating on shares of Affirm in a report on Friday, September 6th. Finally, Royal Bank of Canada raised their target price on Affirm from $43.00 to $46.00 and gave the company a sector perform rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Affirm presently has a consensus rating of Hold and an average target price of $35.53.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $41.64 on Monday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The stock has a 50 day simple moving average of $33.92 and a 200-day simple moving average of $32.92. The company has a market cap of $12.96 billion, a PE ratio of -18.67 and a beta of 3.51. Affirm has a 12-month low of $15.97 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 15.55% and a negative net margin of 22.29%. On average, equities research analysts forecast that Affirm will post -0.82 EPS for the current year.

Insider Buying and Selling

In other Affirm news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares in the company, valued at $4,117,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The disclosure for this sale can be found here. Insiders have sold a total of 121,351 shares of company stock valued at $5,081,045 over the last three months. 13.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Global Wealth Strategies & Associates raised its position in Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. ORG Partners LLC raised its position in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $33,000. Finally, Myecfo LLC raised its position in shares of Affirm by 6.1% during the 2nd quarter. Myecfo LLC now owns 11,671 shares of the company’s stock valued at $353,000 after acquiring an additional 676 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

About Affirm

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.