Wedbush Brokers Increase Earnings Estimates for Affirm

Affirm Holdings, Inc. (NASDAQ:AFRM) – Analysts at Wedbush upped their Q1 2025 earnings per share (EPS) estimates for shares of Affirm in a research report issued to clients and investors on Monday, October 14th. Wedbush analyst D. Chiaverini now expects that the company will post earnings per share of ($0.29) for the quarter, up from their previous forecast of ($0.39). Wedbush currently has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for Affirm’s current full-year earnings is ($0.82) per share. Wedbush also issued estimates for Affirm’s Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at ($0.23) EPS.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The firm had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million.

A number of other equities analysts have also commented on the stock. Barclays lifted their price target on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Mizuho reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on shares of Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Susquehanna started coverage on shares of Affirm in a report on Friday, September 20th. They issued a “positive” rating and a $52.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.50.

Affirm Stock Down 8.4 %

NASDAQ:AFRM opened at $43.93 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. Affirm has a one year low of $15.97 and a one year high of $52.48. The firm’s 50 day simple moving average is $38.66 and its 200 day simple moving average is $33.57. The company has a market cap of $13.58 billion, a PE ratio of -19.70 and a beta of 3.50.

Insider Activity

In other Affirm news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the transaction, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the sale, the director now owns 64,348 shares of the company’s stock, valued at $1,730,961.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,075 shares of company stock worth $4,803,786 over the last quarter. 13.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of Affirm during the 3rd quarter worth approximately $29,000. Ridgewood Investments LLC bought a new stake in Affirm during the second quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its position in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC boosted its position in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the last quarter. Finally, Plato Investment Management Ltd increased its position in shares of Affirm by 255.1% during the 1st quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after purchasing an additional 954 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.