Affirm (NASDAQ:AFRM) Price Target Raised to $20.00 at The Goldman Sachs Group

Affirm (NASDAQ:AFRMFree Report) had its price target lifted by The Goldman Sachs Group from $18.00 to $20.00 in a report published on Friday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

AFRM has been the subject of a number of other reports. Truist Financial raised their price target on Affirm from $33.00 to $55.00 and gave the stock a buy rating in a research report on Friday, December 15th. Wedbush reiterated an underperform rating and issued a $20.00 target price on shares of Affirm in a research note on Friday. Royal Bank of Canada increased their target price on Affirm from $17.00 to $26.00 and gave the stock a sector perform rating in a research note on Thursday, November 9th. Jefferies Financial Group upgraded Affirm from an underperform rating to a hold rating and increased their target price for the stock from $9.50 to $30.00 in a research note on Tuesday, November 28th. Finally, UBS Group increased their target price on Affirm from $19.50 to $21.50 and gave the stock a neutral rating in a research note on Wednesday, November 22nd. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of Hold and an average target price of $26.97.

View Our Latest Stock Report on Affirm

Affirm Stock Up 2.6 %

Shares of AFRM opened at $45.00 on Friday. The company has a market cap of $13.58 billion, a PE ratio of -18.07 and a beta of 3.72. The business has a fifty day moving average of $43.82 and a 200 day moving average of $28.92. Affirm has a 52-week low of $8.80 and a 52-week high of $52.48. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Insider Activity at Affirm

In related news, CFO Michael Linford sold 65,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $50.00, for a total transaction of $3,250,000.00. Following the sale, the chief financial officer now owns 99,063 shares of the company’s stock, valued at $4,953,150. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Affirm news, CFO Michael Linford sold 65,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $50.00, for a total value of $3,250,000.00. Following the completion of the sale, the chief financial officer now owns 99,063 shares of the company’s stock, valued at $4,953,150. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Private Ltd Gic sold 2,906,591 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.02, for a total value of $116,321,771.82. Following the completion of the sale, the insider now directly owns 1,592,923 shares of the company’s stock, valued at approximately $63,748,778.46. The disclosure for this sale can be found here. Insiders have sold a total of 3,036,591 shares of company stock valued at $122,951,772 over the last quarter. 13.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Affirm

Several institutional investors have recently added to or reduced their stakes in AFRM. Norges Bank acquired a new stake in Affirm in the fourth quarter worth about $20,544,000. Vanguard Group Inc. boosted its position in Affirm by 12.9% in the first quarter. Vanguard Group Inc. now owns 16,498,384 shares of the company’s stock valued at $763,545,000 after buying an additional 1,883,050 shares during the last quarter. State Street Corp boosted its position in Affirm by 96.6% in the second quarter. State Street Corp now owns 3,571,814 shares of the company’s stock valued at $64,507,000 after buying an additional 1,755,252 shares during the last quarter. Capital World Investors boosted its position in Affirm by 9.5% in the second quarter. Capital World Investors now owns 16,783,050 shares of the company’s stock valued at $257,284,000 after buying an additional 1,453,822 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Affirm by 38.2% in the first quarter. BlackRock Inc. now owns 5,180,921 shares of the company’s stock valued at $239,773,000 after buying an additional 1,432,202 shares during the last quarter. Institutional investors and hedge funds own 59.69% of the company’s stock.

Affirm Company Profile

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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.

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Analyst Recommendations for Affirm (NASDAQ:AFRM)

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