Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Rating of "Hold" by Brokerages

Defense World · Oct 1, 2022 14:21

Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) has earned a consensus rating of "Hold" from the eighteen analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $37.83.

Several brokerages recently issued reports on AFRM. Wedbush began coverage on Affirm in a report on Tuesday, June 7th. They set an "underperform" rating and a $15.00 price objective for the company. Barclays cut their price target on Affirm from $35.00 to $29.00 and set an "overweight" rating for the company in a report on Friday, August 26th. Piper Sandler cut their price target on Affirm from $32.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, June 29th. Credit Suisse Group cut their price target on Affirm to $27.00 in a report on Friday, July 22nd. Finally, Mizuho cut their price target on Affirm from $50.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, September 7th.

Get Affirm alerts:

Institutional Investors Weigh In On Affirm

A number of hedge funds and other institutional investors have recently made changes to their positions in AFRM. Capital Research Global Investors grew its position in shares of Affirm by 59.4% in the first quarter. Capital Research Global Investors now owns 30,867,478 shares of the company's stock valued at $1,428,561,000 after purchasing an additional 11,502,492 shares during the period. Baillie Gifford & Co. grew its position in Affirm by 25.5% during the first quarter. Baillie Gifford & Co. now owns 20,482,855 shares of the company's stock valued at $947,946,000 after acquiring an additional 4,168,342 shares during the period. Vanguard Group Inc. grew its position in Affirm by 12.9% during the first quarter. Vanguard Group Inc. now owns 16,498,384 shares of the company's stock valued at $763,545,000 after acquiring an additional 1,883,050 shares during the period. State Street Corp grew its position in Affirm by 96.6% during the second quarter. State Street Corp now owns 3,571,814 shares of the company's stock valued at $64,507,000 after acquiring an additional 1,755,252 shares during the period. Finally, Jennison Associates LLC grew its position in Affirm by 63.1% during the first quarter. Jennison Associates LLC now owns 4,060,613 shares of the company's stock valued at $187,925,000 after acquiring an additional 1,570,716 shares during the period. Hedge funds and other institutional investors own 72.76% of the company's stock.

Affirm Stock Performance

Shares of AFRM stock opened at $18.76 on Friday. The stock has a fifty day moving average price of $26.94 and a 200 day moving average price of $28.03. The stock has a market cap of $5.42 billion, a PE ratio of -7.39 and a beta of 3.58. Affirm has a 1 year low of $13.64 and a 1 year high of $176.65. The company has a debt-to-equity ratio of 1.56, a quick ratio of 11.87 and a current ratio of 11.87.

Affirm (NASDAQ:AFRM – Get Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.20). The firm had revenue of $364.10 million for the quarter, compared to analyst estimates of $354.86 million. Affirm had a negative return on equity of 20.25% and a negative net margin of 52.43%. The business's revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.48) earnings per share. Sell-side analysts forecast that Affirm will post -2.8 earnings per share for the current fiscal year.

Affirm Company Profile

(Get Rating)

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 from one to sixty months.

Affirm Holdings, Inc. (NASDAQ:AFRM) Given Consensus Rating of "Hold" by Brokerages

Institutional Investors Weigh In On Affirm

Affirm Stock Performance

Affirm Company Profile

Further Reading

Risk Disclaimer