Research Analysts’ Weekly Ratings Changes for Affirm (AFRM)

A number of research firms have changed their ratings and price targets for Affirm (NASDAQ: AFRM):

• 11/25/2024 – Affirm had its price target raised by analysts at Barclays PLC from $64.00 to $75.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Affirm had its price target raised by analysts at Bank of America Co. from $50.00 to $74.00. They now have a “buy” rating on the stock.
• 11/19/2024 – Affirm had its price target raised by analysts at Mizuho from $65.00 to $69.00. They now have an “outperform” rating on the stock.
• 11/18/2024 – Affirm had its price target raised by analysts at Barclays PLC from $54.00 to $64.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Affirm had its price target raised by analysts at Susquehanna from $52.00 to $57.00. They now have a “positive” rating on the stock.
• 11/8/2024 – Affirm had its price target raised by analysts at Wells Fargo & Company from $52.00 to $55.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Affirm had its price target raised by analysts at JPMorgan Chase & Co. from $47.00 to $56.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Affirm was upgraded by analysts at Wedbush from an “underperform” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $25.00.
• 10/14/2024 – Affirm had its price target raised by analysts at The Goldman Sachs Group, Inc. from $46.00 to $54.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Affirm was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $52.00 price target on the stock, up previously from $40.00.
• 10/9/2024 – Affirm was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $37.00 price target on the stock, up previously from $22.00.
• 10/8/2024 – Affirm was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $68.00 price target on the stock.
• 10/4/2024 – Affirm had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $46.00 price target on the stock.

Affirm Price Performance

AFRM opened at $66.27 on Wednesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The stock has a market capitalization of $20.81 billion, a PE ratio of -46.67 and a beta of 3.47. The stock’s 50 day moving average price is $47.39 and its 200-day moving average price is $37.01. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $70.20.

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

Insiders Place Their Bets

In other news, President Libor Michalek sold 100,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the sale, the president now owns 159,449 shares in the company, valued at $9,885,838. This represents a 38.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction that occurred 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 directly owns 122,069 shares of the company’s stock, valued at $5,493,105. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 868,253 shares of company stock worth $52,186,668. 12.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of Affirm by 208.6% during the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock valued at $889,000 after purchasing an additional 14,720 shares during the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of Affirm during the 3rd quarter valued at $244,000. Y Intercept Hong Kong Ltd bought a new position in shares of Affirm in the third quarter worth about $1,618,000. Main Management ETF Advisors LLC purchased a new stake in shares of Affirm during the third quarter worth about $2,629,000. Finally, XTX Topco Ltd grew its holdings in Affirm by 25.5% during the 3rd quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock valued at $2,206,000 after buying an additional 10,970 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.