Affirm (NASDAQ:AFRM) Sets New 1-Year High – Still a Buy?

Affirm Holdings, Inc. (NASDAQ:AFRM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $79.82 and last traded at $78.74, with a volume of 497882 shares changing hands. The stock had previously closed at $79.28.

Analyst Ratings Changes

AFRM has been the subject of a number of research analyst reports. Mizuho lifted their target price on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Wells Fargo & Company lifted their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley lifted their target price on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Finally, Compass Point raised Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the company from $20.00 to $61.00 in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Affirm Trading Down 0.1 %

The company has a 50 day moving average of $63.71 and a two-hundred day moving average of $50.57. 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 $24.88 billion, a PE ratio of -121.63 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.59 EPS for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, COO Michael Linford sold 400,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares in the company, valued at approximately $5,893,125.80. The trade was a 82.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O’hare sold 11,218 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $70.00, for a total value of $785,260.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,038,626 shares of company stock worth $70,690,871. 12.41% of the stock is currently owned by insiders.

Institutional Trading of Affirm

Several large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake 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 buying an additional 410 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Affirm in the fourth quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Affirm in the fourth quarter worth about $43,000. Advisors Asset Management Inc. boosted its stake in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares during the last quarter. Hedge funds and other 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.