6 hours Ago By Defense World Staff
Affirm ( NASDAQ:AFRM – Get Free Report ) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The firm presently has a $82.00 target price on the stock, up from their previous target price of $70.
00. Jefferies Financial Group’s price objective points to a potential upside of 24.92% from the company’s current price.
Several other analysts also recently weighed in on AFRM. Bank of America raised their target price on Affirm from $50.00 to $74.
00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Affirm from $45.00 to $75.
00 and gave the company a “hold” rating in a research report on Monday, December 16th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Barclays upped their price target on shares of Affirm from $64.
00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Affirm from $57.
00 to $78.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company.
Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $60.94. Get Our Latest Stock Report on Affirm Affirm Stock Performance Affirm ( NASDAQ:AFRM – Get Free Report ) last posted its quarterly earnings data on Thursday, November 7th.
The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.
05. The company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.
39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.
57%. During the same quarter last year, the firm posted ($0.57) earnings per share.
On average, sell-side analysts forecast that Affirm will post -0.53 earnings per share for the current fiscal year. Insiders Place Their Bets In related news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction dated Monday, November 11th.
The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, insider Katherine Adkins sold 200,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.
05, for a total transaction of $11,010,000.00. Following the completion of the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.
25. The trade was a 68.13 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 1,300,851 shares of company stock valued at $84,875,518 over the last three months. Company insiders own 12.
41% of the company’s stock. Hedge Funds Weigh In On Affirm Large investors have recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new stake in shares of Affirm in the 2nd quarter worth $27,000.
ORG Wealth Partners LLC bought a new stake in Affirm in the third quarter worth about $29,000. Allspring Global Investments Holdings LLC lifted its holdings in Affirm by 82.4% in the 2nd quarter.
Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Affirm by 168.
2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the last quarter.
Finally, Venturi Wealth Management LLC boosted its position in shares of Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares in the last quarter.
Institutional investors and hedge funds own 69.29% of the company’s stock. Affirm Company Profile ( Get Free Report ) 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. Featured Stories Five stocks we like better than Affirm 3 Healthcare Dividend Stocks to Buy Opal Fuels CEO on Steering the Future of Renewable Natural Gas ESG Stocks, What Investors Should Know MicroStrategy Joins Nasdaq-100: 2 Crypto Stocks Set to Win Basic Materials Stocks Investing 2 Underrated Quantum Computing Companies Starting to Rally Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.
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