Truist Financial Cuts Affirm (NASDAQ:AFRM) Price Target to $90.00

Affirm (NASDAQ:AFRM) had its price target decreased by Truist Financial from $95.00 to $90.00 in a research note released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on AFRM. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research note on Tuesday, October 14th. JMP Securities increased their price target on Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a report on Friday, August 29th. Redburn Atlantic upgraded Affirm to a “hold” rating in a report on Friday, August 1st. The Goldman Sachs Group decreased their price objective on shares of Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Affirm in a report on Tuesday, September 16th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Affirm has an average rating of “Moderate Buy” and a consensus price target of $87.35.

Affirm Stock Down 0.2%

AFRM opened at $75.39 on Friday. Affirm has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The business has a 50-day moving average of $79.51 and a 200-day moving average of $66.31. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company has a market capitalization of $24.55 billion, a PE ratio of 579.97, a price-to-earnings-growth ratio of 4.81 and a beta of 3.58.

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

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 184,200 shares of Affirm stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $14,752,578.00. Following the transaction, the chief operating officer directly owned 109,840 shares of the company’s stock, valued at $8,797,085.60. The trade was a 62.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Siphelele Jiyane sold 25,533 shares of Affirm stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $90.71, for a total value of $2,316,098.43. Following the completion of the transaction, the chief accounting officer directly owned 226,467 shares in the company, valued at approximately $20,542,821.57. This represents a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,844,552 shares of company stock worth $154,885,240. 11.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in shares of 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. Huntington National Bank lifted its position in Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after purchasing an additional 336 shares during the period. Mather Group LLC. bought a new position in Affirm in the third quarter worth $29,000. SouthState Corp lifted its position in Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after purchasing an additional 280 shares during the period. Finally, Blume Capital Management Inc. lifted its position in 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 purchasing an additional 375 shares during the period. 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.