Barclays Increases Affirm (NASDAQ:AFRM) Price Target to $85.00

Affirm (NASDAQ:AFRM) had its price target boosted by Barclays from $75.00 to $85.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group lifted their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday, January 21st. Compass Point upgraded Affirm from a “sell” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $61.00 in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

Affirm Price Performance

AFRM stock opened at $75.66 on Monday. The stock has a market capitalization of $23.76 billion, a PE ratio of -116.40 and a beta of 3.66. The company’s 50-day moving average is $63.49 and its 200-day moving average is $50.37. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm has a 1 year low of $22.25 and a 1 year high of $79.67.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share 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 7.29%. Equities research analysts expect that Affirm will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares in the company, valued at $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Libor Michalek sold 100,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the sale, the president now owns 159,449 shares of the company’s stock, valued at approximately $9,885,838. The trade was a 38.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,038,626 shares of company stock worth $70,690,871. Corporate insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

A number of institutional investors have recently modified their holdings of AFRM. ORG Wealth Partners LLC purchased a new stake in shares of Affirm during the third quarter worth about $29,000. Geneos Wealth Management Inc. raised its stake in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares in the last quarter. R Squared Ltd bought a new position in Affirm in the fourth quarter worth about $33,000. Advisors Asset Management Inc. raised its stake in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares in the last quarter. 69.29% of the stock is currently 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.