Affirm (NASDAQ:AFRM) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Affirm (NASDAQ:AFRM) in a report released on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $50.00 target price on the stock.

AFRM has been the subject of a number of other research reports. Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Tuesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $69.00 target price on shares of Affirm in a report on Thursday, March 20th. JMP Securities boosted their price target on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a report on Friday, February 7th. William Blair started coverage on Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.74.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $40.74 on Tuesday. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a market cap of $12.96 billion, a P/E ratio of -62.68 and a beta of 3.68. The business’s 50 day moving average price is $56.19 and its 200 day moving average price is $56.11.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that Affirm will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the transaction, the director now owns 61,520 shares in the company, valued at $3,935,434.40. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,762 shares of company stock worth $3,241,246. Corporate insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hanseatic Management Services Inc. increased its holdings in shares of Affirm by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after purchasing an additional 194 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Affirm by 29.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after buying an additional 325 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock worth $46,000 after acquiring an additional 332 shares during the period. Waldron Private Wealth LLC raised its holdings in shares of Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock worth $334,000 after acquiring an additional 357 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Company Profile

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.