Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update

Affirm Holdings, Inc. (NASDAQ:AFRM) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 12,180,000 shares, a drop of 15.0% from the February 13th total of 14,330,000 shares. Approximately 4.6% of the shares of the stock are short sold. Based on an average daily volume of 6,890,000 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AFRM shares. UBS Group increased their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. JMP Securities lifted their target price on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Affirm Stock Up 0.5 %

Affirm stock opened at $47.95 on Friday. The firm’s 50-day simple moving average is $60.78 and its 200 day simple moving average is $55.89. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock has a market cap of $15.25 billion, a PE ratio of -73.77 and a beta of 3.63. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts predict that Affirm will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the completion of the sale, the director now owns 93,694 shares in the company, valued at $5,839,010.08. This represents a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,301 shares of company stock valued at $3,920,543. 12.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Affirm

A number of large investors have recently modified their holdings of AFRM. Itau Unibanco Holding S.A. purchased a new position in Affirm in the fourth quarter worth about $28,000. Geneos Wealth Management Inc. boosted its position in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd bought a new position in shares of Affirm in the fourth quarter worth approximately $33,000. Coppell Advisory Solutions LLC bought a new position in shares of Affirm in the fourth quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Affirm in the fourth quarter worth $43,000. Institutional investors own 69.29% of the company’s stock.

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.