Wall Street Zen Upgrades Affirm (NASDAQ:AFRM) to "Buy"

Key Points

• Wall Street Zen upgraded Affirm (NASDAQ:AFRM) from a "hold" to a "buy" rating, signaling positive sentiment towards the stock.
• Several analysts raised their price targets for Affirm, with Jefferies increasing it from $82 to $95 and Mizuho from $70 to $108.
• Affirm reported significant quarterly earnings of $0.20 per share, exceeding expectations, with revenue up 32.9% year-over-year to $876.42 million.

Affirm (NASDAQ:AFRM - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

AFRM has been the subject of several other reports. Jefferies Financial Group upped their price objective on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Mizuho upped their price objective on Affirm from $70.00 to $108.00 and gave the stock an "outperform" rating in a research report on Tuesday. Susquehanna upped their price objective on Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Stephens began coverage on Affirm in a research report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price target for the company. Finally, BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.04.

Affirm Stock Down 2.6%

AFRM stock opened at $87.35 on Friday. 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 stock has a market capitalization of $28.18 billion, a P/E ratio of 671.97, a P/E/G ratio of 5.84 and a beta of 3.64. The business has a 50-day moving average of $73.27 and a 200-day moving average of $59.53. Affirm has a fifty-two week low of $30.90 and a fifty-two week 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 for the quarter, topping 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 return on equity of 1.80% and a net margin of 1.62%.Affirm's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts anticipate that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, CAO Siphelele Jiyane sold 22,725 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $96.47, for a total value of $2,192,280.75. Following the sale, the chief accounting officer owned 219,467 shares in the company, valued at $21,171,981.49. This represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katherine Adkins sold 36,878 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider owned 113,400 shares in the company, valued at $10,773,000. This represents a 24.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,234,964 shares of company stock valued at $98,925,256. Company insiders own 11.82% of the company's stock.

Hedge Funds Weigh In On Affirm

A number of large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC bought a new position in shares of Affirm during the second quarter worth approximately $598,000. Thrivent Financial for Lutherans bought a new position in shares of Affirm during the second quarter worth approximately $3,648,000. Cim Investment Management Inc. increased its stake in Affirm by 99.6% during the 2nd quarter. Cim Investment Management Inc. now owns 35,701 shares of the company's stock worth $2,321,000 after acquiring an additional 17,818 shares during the period. Geneos Wealth Management Inc. increased its stake in Affirm by 4,415.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,819 shares of the company's stock worth $471,000 after acquiring an additional 6,668 shares during the period. Finally, Rakuten Securities Inc. increased its stake in Affirm by 172.5% during the 2nd quarter. Rakuten Securities Inc. now owns 7,468 shares of the company's stock worth $516,000 after acquiring an additional 4,727 shares during the period. 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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