Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) has been assigned a consensus rating of "Hold" from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $51.33.

A number of analysts have recently issued reports on AFRM shares. Piper Sandler reduced their price objective on shares of Affirm from $32.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, June 29th. Stephens lowered Affirm from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $51.00 to $17.00 in a research note on Tuesday, May 10th. Mizuho lowered their price objective on Affirm from $79.00 to $50.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th. Royal Bank of Canada decreased their target price on Affirm from $58.00 to $48.00 in a research note on Friday, May 13th. Finally, Credit Suisse Group dropped their price target on Affirm to $27.00 in a research note on Friday, July 22nd.

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Institutional Investors Weigh In On Affirm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its position in shares of Affirm by 275.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 375 shares of the company's stock worth $37,000 after buying an additional 275 shares during the period. TCI Wealth Advisors Inc. raised its position in shares of Affirm by 54.9% during the 1st quarter. TCI Wealth Advisors Inc. now owns 982 shares of the company's stock worth $46,000 after acquiring an additional 348 shares in the last quarter. abrdn plc lifted its position in shares of Affirm by 3.0% during the 2nd quarter. abrdn plc now owns 12,591 shares of the company's stock worth $227,000 after buying an additional 362 shares during the last quarter. HM Payson & Co. grew its holdings in shares of Affirm by 540.0% during the fourth quarter. HM Payson & Co. now owns 448 shares of the company's stock worth $45,000 after purchasing an additional 378 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Affirm during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 58.34% of the company's stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $36.97 on Friday. The stock has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $33.15. The company has a debt-to-equity ratio of 1.59, a quick ratio of 9.36 and a current ratio of 9.36. Affirm has a 52-week low of $13.64 and a 52-week high of $176.65. The firm has a market capitalization of $10.59 billion, a PE ratio of -15.60 and a beta of 3.67.

Affirm (NASDAQ:AFRM – Get Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.26. Affirm had a negative net margin of 52.07% and a negative return on equity of 18.00%. The company had revenue of $354.80 million during the quarter, compared to analyst estimates of $344.01 million. During the same period in the prior year, the firm posted ($0.72) EPS. The firm's quarterly revenue was up 53.8% compared to the same quarter last year. Analysts forecast that Affirm will post -2.43 EPS for the current year.

About Affirm

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Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.

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