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

Affirm Holdings Inc. [NASDAQ: AFRM] gained 5.57% on the last trading session, reaching $12.88 price per share at the time. The company report on November 28, 2022 that Affirm to Webcast CFO Fireside Chat on December 6, 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, December 6, 2022. The discussion will be moderated by Dan Dolev from Mizuho Bank and will begin at 11:00 AM Eastern Time.

Affirm Holdings Inc. represents 290.93 million in outstanding shares, while the company has a total market value of $3.54 billion with the latest information. AFRM stock price has been found in the range of $11.71 to $12.94.

If compared to the average trading volume of 15.07M shares, AFRM reached a trading volume of 18972498 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $20.85 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 2.90. 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.

BofA Securities have made an estimate for Affirm Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 13, 2022. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on November 29, 2022, representing the official price target for Affirm Holdings Inc. stock. Previously, the target price had yet another drop from $22 to $14, while Deutsche Bank kept a Hold rating on AFRM stock.

The Average True Range (ATR) for Affirm Holdings Inc. is set at 1.00, with the Price to Sales ratio for AFRM stock in the period of the last 12 months amounting to 2.92. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 5.57.

Trading performance analysis for AFRM stock

Affirm Holdings Inc. [AFRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 42.16. With this latest performance, AFRM shares gained by 9.34% in over the last four-week period, additionally sinking by -44.15% over the last 6 months – not to mention a drop of -83.65% 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 62.41, with the RSI for the last a single of trading hit 74.17, and the three-weeks RSI is set at 54.55 for Affirm Holdings Inc. [AFRM]. The present Moving Average for the last 50 days of trading for this stock 12.30, while it was recorded at 11.18 for the last single week of trading, and 22.48 for the last 200 days.

An analysis of insider ownership at Affirm Holdings Inc. [AFRM]

There are presently around $2,267 million, or 83.60% 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 27,433,886, which is approximately 10.658% of the company’s market cap and around 0.30% of the total institutional ownership; MORGAN STANLEY, holding 21,324,343 shares of the stock with an approximate value of $274.66 million in AFRM stocks shares; and BAILLIE GIFFORD & CO, currently with $264.17 million in AFRM stock with ownership of nearly 9.758% of the company’s market capitalization.

180 institutional holders increased their position in Affirm Holdings Inc. [NASDAQ:AFRM] by around 26,006,961 shares. Additionally, 135 investors decreased positions by around 14,150,940 shares, while 89 investors held positions by with 135,886,344 shares. The mentioned changes placed institutional holdings at 176,044,245 shares, according to the latest SEC report filing. AFRM stock had 68 new institutional investments in for a total of 5,345,214 shares, while 53 institutional investors sold positions of 8,591,179 shares during the same period.

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