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

Affirm (NASDAQ:AFRM) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued research reports about the company. Barclays raised their target price on Affirm from $67.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, June 30th. Bank of America raised their price objective on Affirm from $90.00 to $94.00 and gave the company a “buy” rating in a report on Friday, August 29th. Jefferies Financial Group raised their price objective on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. The Goldman Sachs Group raised their price objective on Affirm from $45.00 to $58.00 and gave the company a “buy” rating in a report on Monday, May 12th. Finally, Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.04.

Affirm Trading Down 2.6%

Shares of AFRM stock opened at $87.35 on Friday. The stock’s fifty day moving average price is $73.27 and its two-hundred day moving average price is $59.53. The company has a market cap of $28.18 billion, a PE ratio of 671.97, a P/E/G ratio of 5.84 and a beta of 3.64. 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) last issued its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The company’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the business posted ($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 Activity

In other Affirm news, CFO Robert O’hare sold 77,800 shares of Affirm stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $80.09, for a total transaction of $6,231,002.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Max R. Levchin sold 499,223 shares of Affirm stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $80.17, for a total value of $40,022,707.91. The disclosure for this sale can be found here. In the last three months, insiders sold 1,234,964 shares of company stock worth $98,925,256. 11.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AFRM. Allworth Financial LP lifted its holdings in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the period. Huntington National Bank lifted its stake in shares of Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after purchasing an additional 336 shares during the period. SouthState Corp lifted its stake in shares of Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after purchasing an additional 280 shares during the period. Blume Capital Management Inc. lifted its stake in shares of Affirm by 468.8% in the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. 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.