Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Has Average Price Target of $97.69

Affirm Holdings, Inc. (NASDAQ:AFRM) has received a consensus rating of “Moderate Buy” from the thirty-two analysts that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $97.69.

A number of analysts have recently issued reports on AFRM shares. Wells Fargo & Company increased their price target on shares of Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Oppenheimer boosted their price objective on shares of Affirm from $100.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Truist Financial boosted their price objective on shares of Affirm from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. TD Cowen dropped their price objective on shares of Affirm from $124.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Affirm from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, June 25th.

Insider Activity at Affirm

In other news, CFO Robert O’Hare sold 65,591 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $80.02, for a total transaction of $5,248,591.82. Following the transaction, the chief financial officer directly owned 2,734 shares in the company, valued at $218,774.68. The trade was a 96.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katherine Adkins sold 41,664 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total transaction of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares in the company, valued at $11,513,717.67. This trade represents a 21.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 280,118 shares of company stock worth $22,223,307. Corporate insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

Several hedge funds and other institutional investors have recently modified their holdings of the company. Encompass More Asset Management grew its stake in Affirm by 7.1% in the third quarter. Encompass More Asset Management now owns 9,119 shares of the company’s stock valued at $631,000 after purchasing an additional 604 shares in the last quarter. Vontobel Holding Ltd. increased its position in Affirm by 111.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 18,506 shares of the company’s stock worth $1,281,000 after purchasing an additional 9,756 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new position in Affirm in the 3rd quarter worth about $269,000. Mather Group LLC. increased its position in Affirm by 52.9% in the 3rd quarter. Mather Group LLC. now owns 613 shares of the company’s stock worth $42,000 after purchasing an additional 212 shares during the last quarter. Finally, Seelaus Asset Management LLC increased its position in Affirm by 29.5% in the 3rd quarter. Seelaus Asset Management LLC now owns 3,962 shares of the company’s stock worth $274,000 after purchasing an additional 903 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Down 2.5%

Shares of NASDAQ AFRM opened at $74.01 on Thursday. Affirm has a one year low of $42.10 and a one year high of $90.44. The firm has a market capitalization of $24.97 billion, a PE ratio of 13.41, a PEG ratio of 2.97 and a beta of 3.82. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $73.65 and a two-hundred day moving average price of $70.34.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.35 by $4.27. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. As a group, analysts predict that Affirm will post 1.91 earnings per share for the current fiscal year.

Affirm Company Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a digital commerce and financial services platform that enables consumers to pay for purchases over time. Its point-of-sale financing products allow eligible customers to use installment loans, including both short-term and longer-duration payment options, with terms and costs disclosed before purchase.

Affirm’s services are offered through its merchant partners’ online and in-store checkout experiences, as well as through the Affirm app and website.