Affirm (NASDAQ:AFRM) Coverage Initiated at Citigroup

Key Points

• Citigroup initiated coverage on Affirm (NASDAQ:AFRM) with a "buy" rating and a price target of $100.00, indicating a potential upside of 39.02% from its previous close.
• Several other analysts have also rated Affirm positively, with an average target price of $87.57 and a majority rating of "Moderate Buy."
• Affirm reported a quarterly earnings beat with $0.20 EPS, surpassing estimates, and showed a revenue increase of 32.9% year-over-year.

Analysts at Citigroup initiated coverage on shares of Affirm (NASDAQ:AFRM - Get Free Report) in a report issued on Wednesday,Benzinga reports. The brokerage set a "buy" rating and a $100.00 price target on the stock. Citigroup's price objective indicates a potential upside of 39.02% from the stock's previous close.

Several other equities research analysts also recently issued reports on the stock. Wells Fargo & Company began coverage on shares of Affirm in a research note on Tuesday. They issued an "overweight" rating and a $89.00 price objective on the stock. Susquehanna raised their price objective on shares of Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Truist Financial raised their price objective on shares of Affirm from $72.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Oppenheimer set a $80.00 price objective on shares of Affirm and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of Affirm from $105.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.57.

Affirm Stock Performance

Shares of NASDAQ AFRM traded down $2.56 during trading hours on Wednesday, hitting $71.93. 4,476,248 shares of the stock were exchanged, compared to its average volume of 7,344,275. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company's 50 day moving average is $79.72 and its 200 day moving average is $65.38. The firm has a market capitalization of $23.42 billion, a P/E ratio of 553.35, a P/E/G ratio of 4.64 and a beta of 3.58. Affirm has a one year low of $30.90 and a one year high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. The business had revenue of $876.42 million during 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%. Affirm's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts expect that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling

In other news, insider Katherine Adkins sold 36,878 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $95.00, for a total value of $3,503,410.00. Following the sale, the insider owned 113,400 shares in the company, valued at approximately $10,773,000. The trade was a 24.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Max R. Levchin sold 651,713 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The disclosure for this sale can be found here. Insiders have sold 1,844,552 shares of company stock worth $154,885,240 in the last three months. Company insiders own 11.82% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC raised its holdings in shares of Affirm by 5.1% in the third quarter. Yousif Capital Management LLC now owns 3,243 shares of the company's stock valued at $237,000 after buying an additional 158 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Affirm by 13.2% in the third quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $108,000 after buying an additional 171 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Affirm by 0.4% in the first 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 shares of Affirm by 4.4% in the third 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. Finally, Apollon Wealth Management LLC raised its holdings in shares of Affirm by 3.5% in the third quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company's stock valued at $463,000 after buying an additional 212 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

About Affirm

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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