Analysts Set Affirm Holdings, Inc. (NASDAQ:AFRM) Target Price at $34.32

Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) have been assigned an average recommendation of “Hold” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $34.32.

A number of equities research analysts have weighed in on AFRM shares. BMO Capital Markets cut their price objective on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Mizuho restated an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a report on Tuesday, August 27th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Friday. Wedbush upped their price objective on shares of Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Finally, JMP Securities started coverage on shares of Affirm in a report on Friday, June 28th. They set a “market perform” rating on the stock.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,275 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the transaction, the director now owns 64,348 shares in the company, valued at $1,730,961.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AFRM. Dragoneer Investment Group LLC bought a new position in Affirm in the second quarter worth approximately $45,219,000. Norges Bank bought a new position in Affirm in the fourth quarter worth approximately $67,310,000. Vanguard Group Inc. raised its position in Affirm by 6.8% in the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares during the period. Leo Wealth LLC bought a new position in Affirm in the fourth quarter worth approximately $57,647,000. Finally, Baillie Gifford & Co. raised its position in Affirm by 4.2% in the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after acquiring an additional 749,368 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Affirm Price Performance

Shares of AFRM opened at $38.44 on Friday. The stock has a market cap of $11.88 billion, a PE ratio of -17.24 and a beta of 3.51. The company has a debt-to-equity ratio of 2.41, a quick ratio of 12.94 and a current ratio of 13.07. Affirm has a fifty-two week low of $15.97 and a fifty-two week high of $52.48. The firm’s 50-day simple moving average is $30.33 and its two-hundred day simple moving average is $32.41.

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.