Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating)'s share price gapped up prior to trading on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $11.00 to $18.00. The stock had previously closed at $17.72, but opened at $18.77. Affirm shares last traded at $19.35, with a volume of 1,211,317 shares changing hands.

Several other equities research analysts have also weighed in on the company. Stephens lowered their price objective on Affirm from $18.00 to $15.00 and set an "underweight" rating on the stock in a research note on Wednesday, November 9th. Jefferies Financial Group lowered their price objective on Affirm from $15.00 to $12.00 in a research note on Wednesday, November 9th. Piper Sandler lowered their price objective on Affirm from $22.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, December 15th. Wedbush lowered their price objective on Affirm from $15.00 to $10.00 in a research note on Wednesday, November 9th. Finally, UBS Group began coverage on Affirm in a research report on Tuesday, November 29th. They set a "neutral" rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $24.22.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 17,287 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $9.18, for a total value of $158,694.66. Following the transaction, the director now owns 51,860 shares of the company's stock, valued at approximately $476,074.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.11% of the company's stock.

Institutional Inflows and Outflows

Affirm Price Performance

The firm has a market cap of $6.13 billion, a price-to-earnings ratio of -9.31 and a beta of 3.27. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.68. The company has a 50 day moving average of $12.06 and a 200 day moving average of $19.22.

Affirm (NASDAQ:AFRM – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.04). The business had revenue of $361.62 million for the quarter, compared to analyst estimates of $360.72 million. Affirm had a negative return on equity of 25.51% and a negative net margin of 45.24%. Equities research analysts predict that Affirm Holdings, Inc. will post -3.5 EPS for the current fiscal year.

About Affirm

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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.

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