Affirm Holdings, Inc. (NASDAQ:AFRM) Receives Average Recommendation of “Reduce” from Brokerages

Affirm Holdings, Inc. (NASDAQ:AFRMGet Free Report) has earned an average rating of “Reduce” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.97.

Several equities analysts have recently commented on the company. Wedbush restated an “underperform” rating and set a $20.00 price target on shares of Affirm in a research note on Friday. Compass Point downgraded Affirm from a “neutral” rating to a “sell” rating and set a $13.00 price target for the company. in a report on Wednesday, October 25th. Royal Bank of Canada lifted their price target on Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday. Morgan Stanley cut Affirm from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $15.00 to $20.00 in a research report on Monday, December 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Affirm from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday.

Read Our Latest Analysis on Affirm

Insider Buying and Selling

In related news, CFO Michael Linford sold 65,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 99,063 shares in the company, valued at $4,953,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Michael Linford sold 65,000 shares of Affirm stock in a transaction dated Tuesday, December 19th. The shares were 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 directly owns 99,063 shares in the company, valued at $4,953,150. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Private Ltd Gic sold 2,906,591 shares of Affirm 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 transaction, the insider now directly owns 1,592,923 shares in the company, valued at $63,748,778.46. The disclosure for this sale can be found here. Insiders have sold 3,036,591 shares of company stock worth $122,951,772 over the last ninety days. 13.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Affirm

Several institutional investors have recently made changes to their positions in the company. Scotia Capital Inc. bought a new position in Affirm in the 4th quarter worth approximately $314,000. Harvest Investment Services LLC increased its position in shares of Affirm by 214.0% during the fourth quarter. Harvest Investment Services LLC now owns 73,663 shares of the company’s stock valued at $3,620,000 after purchasing an additional 50,201 shares during the period. TFO Wealth Partners LLC increased its position in shares of Affirm by 56,727.9% during the fourth quarter. TFO Wealth Partners LLC now owns 24,436 shares of the company’s stock valued at $12,010,000 after purchasing an additional 24,393 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Affirm by 4.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 99,856 shares of the company’s stock valued at $4,907,000 after purchasing an additional 4,320 shares during the period. Finally, Holistic Financial Partners bought a new stake in Affirm in the fourth quarter valued at $281,000. 59.69% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Up 2.6 %

NASDAQ AFRM opened at $45.00 on Tuesday. The stock’s 50 day moving average is $43.82 and its 200 day moving average is $28.92. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. Affirm has a 12 month low of $8.80 and a 12 month high of $52.48. The stock has a market cap of $13.58 billion, a PE ratio of -18.07 and a beta of 3.72.

Affirm Company Profile

(Get Free Report

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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