Wall Street Analyst Initiated Affirm Holdings Inc. [AFRM]. What else is Wall St. saying

Affirm Holdings Inc. [NASDAQ: AFRM] traded at a high on 09/19/22, posting a 1.79 gain after which it closed the day’ session at $22.70. The company report on September 19, 2022 that Affirm to Webcast CFO Fireside Chat on September 27, 2022.


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Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that Michael Linford, CFO, will participate in a shareholder fireside chat on Tuesday, September 27, 2022. The discussion will be moderated by Jason Kupferberg from Bank of America and will begin at 11:00 AM Pacific Time.

The results of the trading session contributed to over 8163724 shares changing hands. Over the past one week, the price volatility of Affirm Holdings Inc. stands at 6.87% while the volatility over the past one month is 7.97%.

The market cap for AFRM stock reached $7.06 billion, with 288.11 million shares outstanding and 215.80 million shares in the current float. Compared to the average trading volume of 14.20M shares, AFRM reached a trading volume of 8163724 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Affirm Holdings Inc. [AFRM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AFRM shares is $33.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AFRM stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Affirm Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 11, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price to Underperform. The new note on the price target was released on June 08, 2022, representing the official price target for Affirm Holdings Inc. stock. Previously, the target price had yet another raise to $30, while JP Morgan analysts kept a Neutral rating on AFRM stock. On May 10, 2022, analysts decreased their price target for AFRM shares from 51 to 17.

The Average True Range (ATR) for Affirm Holdings Inc. is set at 2.26, with the Price to Sales ratio for AFRM stock in the period of the last 12 months amounting to 6.12. The Price to Book ratio for the last quarter was 2.50, with the Price to Cash per share for the same quarter was set at 4.04.

How has AFRM stock performed recently?

Affirm Holdings Inc. [AFRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.27. With this latest performance, AFRM shares dropped by -36.50% in over the last four-week period, additionally sinking by -44.24% over the last 6 months – not to mention a drop of -80.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AFRM stock in for the last two-week period is set at 39.61, with the RSI for the last a single of trading hit 36.66, and the three-weeks RSI is set at 42.46 for Affirm Holdings Inc. [AFRM]. The present Moving Average for the last 50 days of trading for this stock 27.81, while it was recorded at 23.50 for the last single week of trading, and 43.40 for the last 200 days.

Affirm Holdings Inc. [AFRM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Affirm Holdings Inc. [AFRM] shares currently have an operating margin of -43.88 and a Gross Margin at +88.30. Affirm Holdings Inc.’s Net Margin is presently recorded at -52.43.

Return on Equity for this stock declined to -27.21, with Return on Assets sitting at -11.95.

Insider trade positions for Affirm Holdings Inc. [AFRM]

There are presently around $3,615 million, or 82.70% of AFRM stock, in the hands of institutional investors. The top three institutional holders of AFRM stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 24,791,528, which is approximately -19.684% of the company’s market cap and around 2.20% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 18,686,692 shares of the stock with an approximate value of $424.19 million in AFRM stocks shares; and MORGAN STANLEY, currently with $378.29 million in AFRM stock with ownership of nearly 58.587% of the company’s market capitalization.

Positions in Affirm Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 192 institutional holders increased their position in Affirm Holdings Inc. [NASDAQ:AFRM] by around 25,578,101 shares. Additionally, 174 investors decreased positions by around 22,993,547 shares, while 75 investors held positions by with 110,696,323 shares. The mentioned changes placed institutional holdings at 159,267,971 shares, according to the latest SEC report filing. AFRM stock had 60 new institutional investments in for a total of 5,414,437 shares, while 97 institutional investors sold positions of 6,806,657 shares during the same period.

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