Affirm (NASDAQ:AFRM) Rating Increased to Strong-Buy at Citigroup

Key Points

• Affirm's stock was upgraded to a strong-buy rating by Citigroup, indicating increased analyst confidence in the company's future performance.
• Analysts from various firms have adjusted their price targets for Affirm, with a consensus target of $87.57 and a majority rating of Moderate Buy.
• Affirm reported a 32.9% increase in revenue year-over-year, surpassing analysts' expectations with a quarterly revenue of $876.42 million.

Affirm (NASDAQ:AFRM - Get Free Report) was upgraded by analysts at Citigroup to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on AFRM. Susquehanna lifted their price target on shares of Affirm from $65.00 to $76.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group decreased their target price 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. JPMorgan Chase & Co. increased their price target on Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Redburn Partners set a $101.00 price objective on Affirm in a report on Monday, October 6th. Finally, UBS Group upped their target price on Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.57.

Affirm Trading Up 5.0%

Shares of AFRM stock opened at $75.54 on Thursday. The stock's fifty day moving average price is $79.58 and its two-hundred day moving average price is $65.68. The company has a market cap of $24.60 billion, a PE ratio of 581.12, a P/E/G ratio of 4.63 and a beta of 3.58. Affirm has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 1.80% and a net margin of 1.62%.Affirm's revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Affirm will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Christa S. Quarles sold 15,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.00, for a total transaction of $1,395,000.00. Following the completion of the sale, the director owned 122,241 shares of the company's stock, valued at approximately $11,368,413. This represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 36,878 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $95.00, for a total transaction of $3,503,410.00. Following the completion of the transaction, the insider owned 113,400 shares in the company, valued at $10,773,000. This trade represents a 24.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,844,552 shares of company stock valued at $154,885,240. Corporate insiders own 11.82% of the company's stock.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Affirm by 10.0% during the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock valued at $208,000 after acquiring an additional 419 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Affirm in the 1st quarter valued at about $549,000. Oppenheimer Asset Management Inc. boosted its position in shares of Affirm by 15.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,220 shares of the company's stock valued at $1,004,000 after purchasing an additional 3,004 shares in the last quarter. Spire Wealth Management acquired a new stake in Affirm during the first quarter worth approximately $120,000. Finally, Diversified Trust Co increased its holdings in Affirm by 85.1% in the first quarter. Diversified Trust Co now owns 6,830 shares of the company's stock worth $309,000 after purchasing an additional 3,141 shares in the last quarter. Institutional investors own 69.29% of the company's stock.

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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