Affirm (NASDAQ:AFRM) Upgraded to “Neutral” at Wedbush

Wedbush upgraded shares of Affirm (NASDAQ:AFRM) from an underperform rating to a neutral rating in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage currently has $45.00 price target on the stock, up from their prior price target of $25.00. Wedbush also issued estimates for Affirm’s Q1 2025 earnings at ($0.29) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.13 EPS, FY2025 earnings at ($0.23) EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.31 EPS and FY2026 earnings at $0.87 EPS.

Other analysts have also issued reports about the stock. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $52.00 in a research note on Friday, October 11th. Mizuho reissued an “outperform” rating and set a $65.00 target price on shares of Affirm in a research note on Tuesday, August 27th. The Goldman Sachs Group reissued a “buy” rating and set a $42.00 target price on shares of Affirm in a research note on Monday, June 24th. Finally, BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.50.

Affirm Trading Down 8.4 %

Shares of NASDAQ:AFRM opened at $43.93 on Monday. The company has a 50 day moving average of $38.66 and a 200-day moving average of $33.57. The firm has a market cap of $13.58 billion, a P/E ratio of -19.70 and a beta of 3.50. Affirm has a twelve month low of $15.97 and a twelve month high of $52.48. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The company had revenue of $659.19 million during the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. As a group, analysts anticipate that Affirm will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Affirm news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 112,075 shares of company stock valued at $4,803,786. Company insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Affirm

A number of hedge funds and other institutional investors have recently made changes to their positions in AFRM. Syon Capital LLC acquired a new stake in shares of Affirm during the 4th quarter worth about $360,000. Vanguard Group Inc. increased its position in Affirm by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 19,506,902 shares of the company’s stock valued at $958,569,000 after acquiring an additional 769,843 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Affirm in the 4th quarter valued at about $252,000. Los Angeles Capital Management LLC acquired a new stake in Affirm in the 1st quarter valued at about $749,000. Finally, RJA Asset Management LLC acquired a new stake in Affirm in the 1st quarter valued at about $14,808,000. 69.29% of the stock is owned by institutional investors.

About Affirm

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.