Affirm’s (AFRM) Outperform Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Affirm (NASDAQ:AFRM) in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has a $69.00 price target on the stock.

A number of other equities analysts have also recently commented on the company. Barclays increased their target price on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Royal Bank of Canada raised their price target on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, UBS Group upped their price objective 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. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.76.

Affirm Stock Up 0.5 %

Affirm stock opened at $47.95 on Thursday. Affirm has a 12 month low of $22.25 and a 12 month high of $82.53. The stock has a market capitalization of $15.25 billion, a PE ratio of -73.77 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The business has a 50 day simple moving average of $60.78 and a 200-day simple moving average of $55.89.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Affirm will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the sale, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02 % decrease in their position. 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 currently owned by insiders.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently bought and sold shares of AFRM. Capital Research Global Investors grew its holdings in shares of Affirm by 2.0% in the fourth quarter. Capital Research Global Investors now owns 24,264,396 shares of the company’s stock valued at $1,477,747,000 after purchasing an additional 470,409 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Affirm by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock worth $1,328,568,000 after acquiring an additional 716,574 shares in the last quarter. Capital World Investors increased its position in shares of Affirm by 0.4% during the fourth quarter. Capital World Investors now owns 18,339,165 shares of the company’s stock worth $1,116,861,000 after acquiring an additional 72,582 shares during the period. Durable Capital Partners LP raised its stake in shares of Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock valued at $356,769,000 after acquiring an additional 2,888,827 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its holdings in Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company’s stock valued at $316,561,000 after purchasing an additional 538,892 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.