Brokerages Set Affirm Holdings, Inc. (NASDAQ:AFRM) Price Target at $60.94

Affirm Holdings, Inc. (NASDAQ:AFRM) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $60.94.

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Susquehanna raised their target price on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Finally, JMP Securities upgraded Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, December 20th.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 100,938 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Libor Michalek sold 6,629 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the completion of the transaction, the president now directly owns 160,601 shares in the company, valued at $11,576,120.08. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,323,478 shares of company stock valued at $86,285,371 over the last ninety days. 12.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Affirm

Several large investors have recently made changes to their positions in AFRM. ORG Wealth Partners LLC purchased a new position in Affirm during the 3rd quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC increased its position in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Affirm in the 3rd quarter worth $65,000. 69.29% of the stock is owned by institutional investors.

Affirm Trading Down 4.3 %

NASDAQ:AFRM opened at $58.67 on Friday. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of -41.32 and a beta of 3.67. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company’s 50 day moving average price is $62.76 and its 200-day moving average price is $45.00. Affirm has a 52 week low of $22.25 and a 52 week high of $73.34.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the business posted ($0.57) EPS. On average, equities research analysts forecast that Affirm will post -0.53 earnings per share for the current fiscal year.

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.