Affirm (NASDAQ:AFRM) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Affirm (NASDAQ:AFRM – Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.

Other research analysts also recently issued research reports about the stock. Rothschild & Co Redburn initiated coverage on shares of Affirm in a research report on Friday, August 1st. They set a “neutral” rating and a $74.00 price objective on the stock. Evercore ISI increased their price objective on shares of Affirm from $67.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Redburn Atlantic upgraded shares of Affirm to a “hold” rating in a research report on Friday, August 1st. JMP Securities increased their price objective on shares of Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a research report on Friday, August 29th. Finally, Morgan Stanley set a $90.00 price target on shares of Affirm in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.04.

Get Our Latest Stock Report on Affirm

Affirm Stock Down 2.6%

Shares of Affirm stock opened at $87.35 on Friday. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 671.97, a price-to-earnings-growth ratio of 5.69 and a beta of 3.64. The company’s 50 day moving average is $73.27 and its 200 day moving average is $59.31. Affirm has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM – Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The company had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Affirm will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, COO Michael Linford sold 184,200 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $14,752,578.00. Following the transaction, the chief operating officer directly owned 109,840 shares in the company, valued at approximately $8,797,085.60. This trade represents a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Siphelele Jiyane sold 22,725 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.47, for a total transaction of $2,192,280.75. Following the completion of the sale, the chief accounting officer directly owned 219,467 shares of the company’s stock, valued at approximately $21,171,981.49. This trade represents a 9.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,234,964 shares of company stock valued at $98,925,256. 11.82% of the stock is currently owned by corporate insiders.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after purchasing an additional 336 shares in the last quarter. SouthState Corp increased its stake in shares of Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after purchasing an additional 280 shares in the last quarter. Blume Capital Management Inc. increased its stake in shares of Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Allworth Financial LP increased its stake in shares of Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 264 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Company Profile

(Get Free Report)

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 up to 60 months.

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