Affirm (NASDAQ:AFRM) Upgraded at Citigroup

Affirm (NASDAQ:AFRM) was upgraded by equities researchers at Citigroup to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Affirm from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Redburn Partners set a $101.00 price objective on shares of Affirm in a research note on Monday, October 6th. Redburn Atlantic upgraded shares of Affirm to a “hold” rating in a report on Friday, August 1st. Finally, Rothschild & Co Redburn raised shares of Affirm from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $74.00 to $101.00 in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.57.

Affirm Price Performance

AFRM stock opened at $75.54 on Thursday. 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’s 50-day moving average is $79.58 and its 200-day moving average is $65.68. The stock has a market capitalization of $24.60 billion, a PE ratio of 581.12, a price-to-earnings-growth ratio of 4.63 and a beta of 3.58. Affirm has a 1 year low of $30.90 and a 1 year high of $100.00.

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

Insider Buying and Selling

In other Affirm news, CAO Siphelele Jiyane sold 12,500 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the sale, the chief accounting officer directly owned 213,967 shares of the company’s stock, valued at approximately $18,277,061.14. This represents a 5.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert O’hare sold 31,423 shares of Affirm 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 disclosure for this sale can be found here. Insiders have sold a total of 1,844,552 shares of company stock valued at $154,885,240 over the last 90 days. 11.82% of the stock is currently owned by company insiders.

Institutional Trading of Affirm

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Affirm by 4.0% during the second quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock worth $1,672,898,000 after acquiring an additional 922,813 shares during the period. Durable Capital Partners LP raised its stake in shares of Affirm by 12.3% during the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock worth $510,899,000 after purchasing an additional 808,455 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Affirm by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock worth $322,195,000 after buying an additional 254,359 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Affirm by 140.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock worth $205,350,000 after buying an additional 2,657,074 shares during the last quarter. Finally, State Street Corp grew its position in Affirm by 3.8% during the second quarter. State Street Corp now owns 4,454,300 shares of the company’s stock valued at $307,970,000 after buying an additional 161,522 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.