Affirm (NASDAQ:AFRM) Price Target Raised to $105.00

Key Points

• JMP Securities raised Affirm's target price from $75.00 to $105.00, indicating a potential upside of 10.75% from its current price and maintaining a "market outperform" rating.
• Affirm's recent quarterly earnings reported $0.20 EPS, exceeding estimates by $0.09, along with revenue of $876.42 million, marking a 32.9% year-over-year increase.
• Insiders have sold a total of 629,715 shares of Affirm's stock worth over $49 million in the last three months, with 11.82% of the stock currently owned by corporate insiders.

Affirm (NASDAQ:AFRM - Get Free Report) had its target price lifted by JMP Securities from $75.00 to $105.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' target price would indicate a potential upside of 10.75% from the stock's current price.

A number of other brokerages have also recently commented on AFRM. Royal Bank Of Canada upped their target price on shares of Affirm from $70.00 to $75.00 and gave the company a "sector perform" rating in a report on Tuesday, July 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. Zacks Research cut shares of Affirm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Susquehanna increased their price target on shares of Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, BTIG Research cut shares of Affirm from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Affirm currently has a consensus rating of "Moderate Buy" and an average price target of $74.70.

Affirm Stock Performance

NASDAQ AFRM traded up $14.81 during trading hours on Friday, hitting $94.80. The company had a trading volume of 10,422,019 shares, compared to its average volume of 7,154,445. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. Affirm has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a market cap of $30.58 billion, a PE ratio of -453.35, a price-to-earnings-growth ratio of 2.88 and a beta of 3.63. The business has a 50 day moving average of $70.66 and a 200-day moving average of $59.21.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Affirm's revenue for the quarter was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts expect that Affirm will post -0.18 EPS for the current year.

Insider Activity

In related news, CFO Robert O'hare sold 77,800 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $6,231,002.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Siphelele Jiyane sold 15,871 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.00, for a total transaction of $1,190,325.00. Following the transaction, the chief accounting officer directly owned 242,192 shares of the company's stock, valued at $18,164,400. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 629,715 shares of company stock worth $49,194,321 over the last three months. 11.82% of the stock is currently owned by corporate insiders.

Institutional Trading of Affirm

A number of institutional investors have recently made changes to their positions in AFRM. MetLife Investment Management LLC lifted its stake in shares of Affirm by 12.3% in the 4th quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock worth $277,000 after acquiring an additional 499 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Affirm during the fourth quarter valued at approximately $667,000. Coldstream Capital Management Inc. acquired a new stake in shares of Affirm during the fourth quarter valued at approximately $258,000. Utah Retirement Systems raised its holdings in shares of Affirm by 12.9% during the fourth quarter. Utah Retirement Systems now owns 14,000 shares of the company's stock valued at $853,000 after acquiring an additional 1,600 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Affirm during the fourth quarter valued at approximately $28,000. 69.29% of the stock is owned by institutional investors and hedge funds.

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.

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