Affirm (NASDAQ:AFRM) Price Target Lowered to $94.00 at The Goldman Sachs Group

Affirm (NASDAQ:AFRM) had its price target cut by The Goldman Sachs Group from $105.00 to $94.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Truist Financial raised their price objective on shares of Affirm from $72.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wall Street Zen upgraded shares of Affirm from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America raised their price objective on shares of Affirm from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Morgan Stanley set a $90.00 price objective on shares of Affirm in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.00.

Affirm Stock Performance

AFRM opened at $73.18 on Monday. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The company’s fifty day moving average price is $80.20 and its two-hundred day moving average price is $64.32. Affirm has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a market cap of $23.83 billion, a price-to-earnings ratio of 562.97, a PEG ratio of 4.71 and a beta of 3.58.

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

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $95.00, for a total transaction of $3,503,410.00. Following the completion of the sale, the insider directly owned 113,400 shares in the company, valued at $10,773,000. The trade was a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Max R. Levchin sold 651,713 shares of Affirm stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total transaction of $58,178,419.51. The disclosure for this sale can be found here. Insiders sold a total of 1,844,552 shares of company stock valued at $154,885,240 over the last quarter. Company insiders own 11.82% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AFRM. Allworth Financial LP increased its stake in shares of Affirm by 63.7% in the first 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 increased its stake in shares of Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after buying an additional 336 shares during the period. SouthState Corp increased its stake in shares of Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares during the period. Blume Capital Management Inc. increased its stake in shares of Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after buying an additional 375 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after buying an additional 264 shares during the period. 69.29% of the stock is owned by hedge funds and other 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.