Affirm (NASDAQ:AFRM) Raised to Buy at Wall Street Zen

Affirm (NASDAQ:AFRM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts have also commented on AFRM. Redburn Atlantic raised shares of Affirm to a “hold” rating in a research report on Friday, August 1st. Oppenheimer set a $80.00 price objective on shares of Affirm and gave the stock an “outperform” rating in a research report on Monday, July 21st. BTIG Research lowered shares of Affirm from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Wednesday, July 2nd. Finally, Susquehanna boosted their price objective on shares of Affirm from $65.00 to $76.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.65.

Affirm Stock Down 8.2%

Affirm stock opened at $71.14 on Friday. The stock has a market capitalization of $23.17 billion, a PE ratio of 547.27, a price-to-earnings-growth ratio of 4.71 and a beta of 3.58. 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. The company has a 50 day moving average of $80.23 and a 200-day moving average of $64.13.

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

Insider Activity

In other Affirm news, insider Katherine Adkins sold 36,878 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $95.00, for a total transaction of $3,503,410.00. Following the sale, the insider directly owned 113,400 shares of the company’s stock, valued at approximately $10,773,000. This represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Siphelele Jiyane sold 12,500 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the sale, the chief accounting officer directly owned 213,967 shares in the company, valued at $18,277,061.14. This trade represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,844,552 shares of company stock valued at $154,885,240. 11.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Affirm

Several large investors have recently modified their holdings of AFRM. Farther Finance Advisors LLC raised its holdings in Affirm by 15.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company’s stock valued at $90,000 after buying an additional 175 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in Affirm by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock valued at $2,219,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC raised its holdings in Affirm by 4.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after buying an additional 206 shares during the last quarter. Allworth Financial LP raised its holdings in Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Affirm by 0.6% in the 1st quarter. Sei Investments Co. now owns 41,066 shares of the company’s stock valued at $1,856,000 after buying an additional 226 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Affirm Company Profile

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.