Affirm (NASDAQ:AFRM) Upgraded at Wells Fargo & Company

Key Points

• Affirm has been upgraded to a "strong-buy" rating by Wells Fargo & Company, indicating increased analyst confidence in the stock.
• Recent reports from various financial institutions have led to an increase in Affirm's target prices, with the average now sitting at $87.57.
• Insider trading activity has been notable, with significant shares being sold, representing a decline in ownership percentages among company insiders.

Affirm (NASDAQ:AFRM - Get Free Report) was upgraded by analysts at Wells Fargo & Company from an "overweight" rating to a "strong-buy" rating in a note issued to investors on Tuesday, Marketbeat.com reports.

AFRM has been the subject of a number of other reports. Jefferies Financial Group increased their target price on Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded Affirm from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Rothschild Redb upgraded Affirm from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Susquehanna increased their target price on Affirm from $65.00 to $76.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Finally, Mizuho lifted their price objective on shares of Affirm from $70.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.57.

Affirm Trading Down 3.4%

Shares of AFRM opened at $71.93 on Tuesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. Affirm has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a 50 day simple moving average of $79.61 and a two-hundred day simple moving average of $65.42. The firm has a market cap of $23.42 billion, a P/E ratio of 553.35, a price-to-earnings-growth ratio of 4.79 and a beta of 3.58.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million during the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The company's revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts expect that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 15,000 shares of Affirm stock in a transaction on Friday, August 29th. The stock was 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 directly owned 122,241 shares in the company, valued at approximately $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction on Friday, August 29th. The stock was 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 of the company's stock, valued at approximately $10,773,000. This trade represents a 24.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,844,552 shares of company stock valued at $154,885,240. 11.82% of the stock is owned by company insiders.

Institutional Trading of Affirm

Several institutional investors and hedge funds have recently made changes to their positions in AFRM. Price T Rowe Associates Inc. MD raised its holdings in shares of Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock valued at $205,350,000 after acquiring an additional 2,657,074 shares in the last quarter. Norges Bank bought a new stake in shares of Affirm in the second quarter valued at about $183,475,000. Atreides Management LP raised its holdings in shares of Affirm by 543.3% in the second quarter. Atreides Management LP now owns 1,977,882 shares of the company's stock valued at $136,751,000 after acquiring an additional 1,670,429 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock valued at $1,051,707,000 after acquiring an additional 1,457,434 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Affirm by 1,137.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock valued at $57,964,000 after acquiring an additional 1,179,016 shares in the last quarter. 69.29% of the stock is currently 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.

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