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 research note released on Monday, MarketBeat Ratings reports. They currently have $45.00 price target on the stock, up from their previous 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.

Several other research firms have also weighed in on AFRM. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $52.00 in a research note on Friday, October 11th. JMP Securities initiated coverage on shares of Affirm in a report on Friday, June 28th. They issued a “market perform” rating for the company. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Bank of America upped their price target on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.50.

Affirm Stock Down 8.4 %

Affirm stock opened at $43.93 on Monday. The company’s 50 day simple moving average is $38.66 and its 200 day simple moving average is $33.57. Affirm has a fifty-two week low of $15.97 and a fifty-two week high of $52.48. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of -19.70 and a beta of 3.50. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07.

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

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the sale, the director now directly owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the company’s 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 sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the sale, the director now directly owns 64,348 shares in the company, valued at $1,730,961.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,075 shares of company stock worth $4,803,786. 13.05% of the stock is owned by insiders.

Institutional Trading of Affirm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aspiriant LLC bought a new position in shares of Affirm in the third quarter valued at about $206,000. Kathleen S. Wright Associates Inc. raised its position in shares of Affirm by 27.6% in the third quarter. Kathleen S. Wright Associates Inc. now owns 5,210 shares of the company’s stock valued at $213,000 after purchasing an additional 1,128 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Affirm in the third quarter valued at about $29,000. LifePro Asset Management bought a new position in shares of Affirm in the third quarter valued at about $2,078,000. Finally, Artemis Investment Management LLP bought a new position in shares of Affirm in the third quarter valued at about $30,808,000. 69.29% of the stock is 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.