Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Rating of “Hold” by Brokerages

Shares of Affirm Holdings, Inc. (NASDAQ:AFRMGet Rating) have received a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.72.

AFRM has been the subject of several recent research reports. Piper Sandler reduced their price objective on Affirm from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, November 9th. Barclays reduced their price target on Affirm from $29.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. Truist Financial reduced their price target on Affirm from $30.00 to $21.00 in a research report on Wednesday, November 9th. Stephens reduced their price target on Affirm from $18.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, November 9th. Finally, DA Davidson reduced their price target on Affirm from $50.00 to $32.00 in a research report on Thursday, November 10th.

Insider Transactions at Affirm

In other Affirm news, Director Keith Rabois sold 17,287 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $20.04, for a total transaction of $346,431.48. Following the transaction, the director now owns 86,434 shares in the company, valued at approximately $1,732,137.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 12.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently added to or reduced their stakes in AFRM. Capital Research Global Investors boosted its holdings in shares of Affirm by 59.4% in the 1st quarter. Capital Research Global Investors now owns 30,867,478 shares of the company’s stock valued at $1,428,561,000 after purchasing an additional 11,502,492 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Affirm by 12.9% in the 1st quarter. Vanguard Group Inc. now owns 16,498,384 shares of the company’s stock valued at $763,545,000 after purchasing an additional 1,883,050 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Affirm by 9.8% in the 3rd quarter. Baillie Gifford & Co. now owns 20,510,103 shares of the company’s stock valued at $384,769,000 after purchasing an additional 1,823,411 shares in the last quarter. State Street Corp boosted its holdings in shares of Affirm by 96.6% during the 2nd quarter. State Street Corp now owns 3,571,814 shares of the company’s stock valued at $64,507,000 after acquiring an additional 1,755,252 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Affirm by 63.1% during the 1st quarter. Jennison Associates LLC now owns 4,060,613 shares of the company’s stock valued at $187,925,000 after acquiring an additional 1,570,716 shares in the last quarter. Institutional investors own 72.76% of the company’s stock.

Affirm Stock Down 7.4 %

NASDAQ:AFRM opened at $13.51 on Friday. Affirm has a 1 year low of $11.94 and a 1 year high of $140.49. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.68. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -5.95 and a beta of 3.08. The stock has a 50-day moving average price of $19.07 and a two-hundred day moving average price of $23.06.

Affirm (NASDAQ:AFRMGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.20). The firm had revenue of $364.10 million for the quarter, compared to analyst estimates of $354.86 million. Affirm had a negative return on equity of 25.51% and a negative net margin of 45.24%. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.48) earnings per share. As a group, equities analysts expect that Affirm will post -3.48 earnings per share for the current year.

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 from one to sixty months.

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Analyst Recommendations for Affirm (NASDAQ:AFRM)

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