Affirm (NASDAQ:AFRM) Given New $75.00 Price Target at Barclays

Affirm (NASDAQ:AFRM) had its price objective upped by stock analysts at Barclays from $64.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 13.17% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Susquehanna increased their price objective on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Mizuho increased their price target on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, October 8th. Bank of America increased their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.13.

Affirm Stock Down 4.4 %

Affirm stock opened at $66.27 on Monday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm has a fifty-two week low of $22.25 and a fifty-two week high of $70.20. The firm has a fifty day moving average price of $47.39 and a two-hundred day moving average price of $37.01. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of -46.67 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter in the previous year, the firm earned ($0.57) EPS. As a group, analysts forecast that Affirm will post -0.53 earnings per share for the current year.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 6,084 shares of Affirm stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now directly owns 122,069 shares of the company’s stock, valued at $5,493,105. The trade was a 4.75 % 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, President Libor Michalek sold 100,821 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $68.11, for a total transaction of $6,866,918.31. Following the sale, the president now directly owns 159,449 shares in the company, valued at approximately $10,860,071.39. This represents a 38.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 868,253 shares of company stock valued at $52,186,668. 12.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. KBC Group NV increased its stake in shares of Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after acquiring an additional 233 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. ORG Partners LLC increased its position in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the period. Finally, Myecfo LLC raised its holdings in Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

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.