Analysts Set Affirm Holdings, Inc. (NASDAQ:AFRM) Target Price at $35.53

Affirm Holdings, Inc. (NASDAQ:AFRM) has been given an average recommendation of “Hold” by the twenty-one brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $35.53.

Several equities research analysts have issued reports on AFRM shares. Mizuho reiterated an “outperform” rating and set a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Wedbush upped their target price on shares of Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. BTIG Research started coverage on Affirm in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Affirm in a research note on Monday, June 24th. Finally, Royal Bank of Canada increased their price objective on Affirm from $43.00 to $46.00 and gave the company a “sector perform” rating in a research report on Thursday, August 29th.

Insiders Place Their Bets

In related news, insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the sale, the insider now directly owns 122,069 shares of the company’s stock, valued at $5,493,105. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now owns 122,069 shares in the company, valued at approximately $5,493,105. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,351 shares of company stock worth $5,081,045. Company insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Affirm

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position 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 buying an additional 1,316,901 shares in the last quarter. Capital World Investors increased its holdings in shares of Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after acquiring an additional 77,050 shares in the last quarter. Baillie Gifford & Co. raised 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 purchasing an additional 749,368 shares during the last quarter. Dragoneer Investment Group LLC bought a new position in Affirm in the 2nd quarter worth about $45,219,000. Finally, Norges Bank purchased a new stake in Affirm during the 4th quarter valued at about $67,310,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Down 1.2 %

Shares of NASDAQ:AFRM opened at $41.16 on Wednesday. The firm has a fifty day moving average price of $34.15 and a two-hundred day moving average price of $32.95. The company has a market cap of $12.81 billion, a price-to-earnings ratio of -18.46 and a beta of 3.51. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. Affirm has a one year low of $15.97 and a one year 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 analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The company had revenue of $659.19 million for the quarter, compared to the consensus estimate of $599.50 million. Analysts anticipate that Affirm will post -0.82 EPS for the current fiscal year.

Affirm Company Profile

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.