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Jefferies Maintains Their Sell Rating on Affirm Holdings (AFRM)

Jefferies analyst John Hecht maintained a Sell rating on Affirm Holdings (AFRMResearch Report) on May 31 and set a price target of $15.00. The company’s shares closed last Friday at $20.44, close to its 52-week low of $13.64.

According to TipRanks.com, Hecht is a 5-star analyst with an average return of 10.4% and a 59.8% success rate. Hecht covers the Financial sector, focusing on stocks such as Discover Financial Services, Bread Financial Holdings, and Capital One Financial.

Currently, the analyst consensus on Affirm Holdings is a Hold with an average price target of $39.73, representing a 93.6% upside. In a report issued on June 7, Wedbush also initiated coverage with a Sell rating on the stock with a $15.00 price target.

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The company has a one-year high of $176.65 and a one-year low of $13.64. Currently, Affirm Holdings has an average volume of 14.92M.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AFRM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a major share of its revenue from the United States.

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