Affirm (NASDAQ:AFRM) Given New $87.00 Price Target at Royal Bank Of Canada

Affirm (NASDAQ:AFRM) had its price objective lowered by Royal Bank Of Canada from $97.00 to $87.00 in a research note released on Friday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

AFRM has been the topic of a number of other research reports. Morgan Stanley decreased their target price on Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday. Rothschild Redb upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Truist Financial dropped their price objective on shares of Affirm from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, BTIG Research lowered shares of Affirm from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Affirm Price Performance

AFRM traded up $7.66 during trading on Friday, hitting $73.62. 16,341,703 shares of the stock traded hands, compared to its average volume of 5,280,319. The business has a 50 day moving average price of $78.31 and a 200 day moving average price of $68.26. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. Affirm has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 109.88, a PEG ratio of 4.25 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 8.01% and a net margin of 6.74%.The company had revenue of $933.34 million for the quarter, compared to analyst estimates of $881.83 million. During the same quarter last year, the company posted ($0.31) EPS. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts forecast that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other Affirm news, CEO Max R. Levchin sold 651,713 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert O’hare sold 77,800 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,761,596 shares of company stock worth $148,662,354. 11.01% of the stock is owned by corporate insiders.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GraniteShares Advisors LLC bought a new position in shares of Affirm in the 2nd quarter worth about $554,000. Toth Financial Advisory Corp acquired a new stake in Affirm during the second quarter worth approximately $705,000. Lecap Asset Management Ltd. increased its holdings in Affirm by 97.6% in the second quarter. Lecap Asset Management Ltd. now owns 21,485 shares of the company’s stock worth $1,485,000 after purchasing an additional 10,611 shares in the last quarter. Truist Financial Corp lifted its stake in Affirm by 236.6% in the second quarter. Truist Financial Corp now owns 60,725 shares of the company’s stock valued at $4,199,000 after buying an additional 42,686 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Affirm by 121.7% in the second quarter. Nordea Investment Management AB now owns 229,837 shares of the company’s stock valued at $15,882,000 after buying an additional 126,186 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

About Affirm

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.