Stephens Lowers Affirm (NASDAQ:AFRM) Price Target to $65.00

Affirm (NASDAQ:AFRM) had its target price cut by equities researchers at Stephens from $75.00 to $65.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ target price indicates a potential upside of 13.98% from the company’s current price.

AFRM has been the topic of several other research reports. UBS Group set a $78.00 price objective on Affirm in a research report on Friday. Evercore restated an “outperform” rating on shares of Affirm in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 29th. Morgan Stanley raised shares of Affirm from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $83.00 to $76.00 in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC reduced their target price on shares of Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.21.

Affirm Stock Performance

Affirm stock opened at $57.03 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. The firm has a market capitalization of $18.82 billion, a P/E ratio of 70.41, a price-to-earnings-growth ratio of 2.53 and a beta of 3.56. Affirm has a 1-year low of $30.90 and a 1-year high of $100.00. The company’s 50-day moving average is $71.53 and its 200 day moving average is $74.23.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. Affirm had a return on equity of 9.16% and a net margin of 7.60%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. Research analysts forecast that Affirm will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 711,256 shares of company stock worth $57,231,923 over the last quarter. Company insiders own 11.01% of the company’s stock.

Hedge Funds Weigh In On Affirm

Several institutional investors and hedge funds have recently bought and sold shares of AFRM. Assetmark Inc. lifted its holdings in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the last quarter. Huntington National Bank grew 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 buying an additional 336 shares during the last quarter. Mather Group LLC. acquired a new position in Affirm during the 3rd quarter valued at about $29,000. SouthState Corp raised its stake in Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after buying an additional 280 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its holdings 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 acquiring an additional 375 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm News Roundup

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Q2 results beat consensus — Affirm reported an EPS beat and revenue growth with GMV up ~36% year-over-year, underscoring healthy transaction and merchant momentum. Affirm Q2 earnings beat (MarketBeat)
• Positive Sentiment: Customer and merchant metrics improving — active consumers and transactions per user rose, supporting repeat-use traction for Affirm’s BNPL offerings. Affirm BNPL volumes jump (PYMNTS)
• Positive Sentiment: New partnership expands reach — Affirm signed a deal with Virgin Media O2 to offer device financing in the U.K., which should broaden merchant distribution and product adoption. Affirm and Virgin Media O2 partnership (BusinessWire)
• Positive Sentiment: Some analyst support remains — Morgan Stanley recently upgraded the stock to Overweight, reflecting buy‑side interest despite mixed signals. Morgan Stanley upgrade (AmericanBankingNews)
• Neutral Sentiment: Guidance roughly in line — Affirm updated fiscal revenue targets that were generally in line with expectations, leaving less new directional information for investors. Q2 results and investor presentation (Affirm IR)
• Neutral Sentiment: Short-interest data shows no meaningful change — the reported short interest figures are effectively unchanged and do not appear to be driving today’s move.
• Negative Sentiment: Credit metrics deteriorated — Affirm increased loan-loss provisions and noted higher installment loan delinquency rates, which raised concerns about credit quality and pressured the stock. Earnings beat highlights growth and credit concerns (MarketBeat)
• Negative Sentiment: Analysts trimmed price targets — several firms (JPMorgan, Stephens, RBC) lowered targets this morning, signaling more cautious near‑term expectations and adding selling pressure. Analyst price-target changes (Benzinga / MarketScreener)

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.