Affirm surged to $44.01 per share this morning, but it remains 15.21% above its mean target price of $38.2. There may still be room for more downwards movement — even after today's 5.4% drop. Analysts are giving the Large-Cap Diversified Financial stock on average rating of hold, with target prices ranging from $20.0 to $65.0 per share.
Affirm has an average level of shares sold short, at 9.8% of its total share float. The stock's short ratio (also called days to cover) is 2.08. The company's insiders own 4.78% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 80.5% of Affirm's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Affirm
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Morgan Stanley | 11% | 30,545,418 | $1,344,303,794 |
| 2024-06-30 | Capital Research Global Investors | 9% | 23,759,115 | $1,045,638,611 |
| 2024-06-30 | Vanguard Group Inc | 8% | 21,037,188 | $925,846,608 |
| 2024-06-30 | Capital World Investors | 7% | 18,807,792 | $827,730,894 |
| 2024-06-30 | Baillie Gifford and Company | 5% | 13,400,426 | $589,752,725 |
| 2024-06-30 | Blackrock Inc. | 4% | 9,969,927 | $438,776,470 |
| 2024-06-30 | Shaw D.E. & Co., Inc. | 3% | 7,539,252 | $331,802,467 |
| 2024-06-30 | Citadel Advisors Llc | 2% | 4,105,605 | $180,687,669 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 4,003,660 | $176,201,069 |
| 2024-06-30 | State Street Corporation | 1% | 3,841,547 | $169,066,477 |
