Affirm (NASDAQ:AFRM) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Affirm (NASDAQ:AFRM) in a research report sent to investors on Tuesday, MarketBeat.com reports. The brokerage issued an overweight rating and a $89.00 price objective on the stock.

AFRM has been the topic of several other research reports. JMP Securities upped their price target on shares of Affirm from $75.00 to $105.00 and gave the stock a “market outperform” rating in a research report on Friday, August 29th. Wall Street Zen upgraded shares of Affirm from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Rothschild & Co Redburn upgraded shares of Affirm from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $101.00 in a research report on Monday, October 6th. Mizuho upped their price target on shares of Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Morgan Stanley set a $90.00 price target on shares of Affirm in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.57.

Affirm Stock Up 5.0%

AFRM opened at $75.54 on Tuesday. The firm’s 50-day simple moving average is $79.58 and its 200-day simple moving average is $65.68. 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 has a twelve month low of $30.90 and a twelve month high of $100.00. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 581.12, a PEG ratio of 4.63 and a beta of 3.58.

Affirm (NASDAQ:AFRM) last posted its earnings results 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. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts anticipate that Affirm will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Robert O’hare sold 31,423 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total transaction of $2,617,535.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katherine Adkins sold 36,878 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $95.00, for a total value of $3,503,410.00. Following the sale, the insider directly owned 113,400 shares of the company’s stock, valued at approximately $10,773,000. The trade was a 24.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,844,552 shares of company stock worth $154,885,240 over the last ninety days. Company insiders own 11.82% of the company’s stock.

Institutional Trading of Affirm

Large investors have recently bought and sold shares of the business. Huntington National Bank increased its stake in Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after purchasing an additional 336 shares in the last quarter. Mather Group LLC. bought a new stake in Affirm during the 3rd quarter worth approximately $29,000. SouthState Corp increased its stake in Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after purchasing an additional 280 shares in the last quarter. Blume Capital Management Inc. increased its stake in Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Finally, Allworth Financial LP increased its stake 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 purchasing an additional 219 shares in the last quarter. 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.