Affirm (NASDAQ:AFRM) Rating Increased to Hold at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Affirm (NASDAQ:AFRM) to a hold rating in a research note published on Monday,Zacks.com reports.

AFRM has been the subject of several other reports. 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. JPMorgan Chase & Co. increased their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. The Goldman Sachs Group decreased their price target on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, UBS Group upped their price target on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.76.

Affirm Stock Performance

Shares of AFRM stock opened at $52.54 on Monday. The business has a fifty day moving average of $60.63 and a 200 day moving average of $56.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of -80.83 and a beta of 3.63. Affirm has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, research analysts expect that Affirm will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 137,325 shares in the company, valued at approximately $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,301 shares of company stock worth $3,920,543 over the last three months. Company insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AFRM. Itau Unibanco Holding S.A. purchased a new stake in Affirm in the fourth quarter valued at $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the 4th quarter valued at about $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm during the 4th quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Affirm during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.