Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Affirm (NASDAQ:AFRM) Stock Price

Affirm (NASDAQ:AFRM) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $80.00 to $85.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 9.34% from the company’s current price.

A number of other brokerages have also commented on AFRM. Morgan Stanley set a $79.00 target price on Affirm and gave the company an “overweight” rating in a research report on Sunday, May 10th. BMO Capital Markets assumed coverage on shares of Affirm in a report on Tuesday, April 21st. They set an “outperform” rating and a $75.00 price objective for the company. Citigroup reissued a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Robert W. Baird set a $70.00 price target on Affirm in a research report on Friday, May 8th. Finally, UBS Group lifted their price target on Affirm from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $86.68.

Affirm Trading Up 0.1%

AFRM traded up $0.08 during midday trading on Thursday, hitting $77.74. 638,310 shares of the company were exchanged, compared to its average volume of 5,776,809. The firm’s 50 day moving average price is $67.00 and its 200-day moving average price is $62.60. Affirm has a 1-year low of $42.10 and a 1-year high of $100.00. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $26.03 billion, a P/E ratio of 70.85, a P/E/G ratio of 4.13 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. As a group, equities analysts forecast that Affirm will post 1.25 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director owned 36,076 shares in the company, valued at approximately $2,344,940. The trade was a 5.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Institutional Investors Weigh In On Affirm

Large investors have recently bought and sold shares of the business. Assetmark Inc. grew its stake in shares of Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the period. Greenline Wealth Management LLC purchased a new stake in Affirm in the fourth quarter worth approximately $26,000. Syntegra Private Wealth Group LLC purchased a new stake in Affirm during the 1st quarter valued at $28,000. Triumph Capital Management purchased a new position in shares of Affirm in the 3rd quarter worth $31,000. Finally, CoreCap Advisors LLC boosted its position in Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after purchasing an additional 358 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.