Affirm (NASDAQ:AFRM) Upgraded at Citigroup

Citigroup upgraded shares of Affirm (NASDAQ:AFRM) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

AFRM has been the topic of a number of other reports. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Wednesday, July 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research report on Tuesday, October 14th. Redburn Partners set a $101.00 target price on shares of Affirm in a research report on Monday, October 6th. Evercore ISI restated an “outperform” rating on shares of Affirm in a report on Tuesday, September 16th. Finally, Wells Fargo & Company assumed coverage on shares of Affirm in a report on Tuesday. They set an “overweight” rating and a $89.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.35.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $75.39 on Thursday. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. Affirm has a 1 year low of $30.90 and a 1 year high of $100.00. The business has a fifty day simple moving average of $79.51 and a 200 day simple moving average of $66.16. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 579.97, a P/E/G ratio of 4.85 and a beta of 3.58.

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

Insiders Place Their Bets

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 transaction of $1,067,750.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert O’hare sold 31,423 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total value of $2,617,535.90. The disclosure for this sale can be found here. Insiders have sold 1,844,552 shares of company stock worth $154,885,240 in the last quarter. 11.82% of the stock is owned by corporate insiders.

Institutional Trading of Affirm

Several large investors have recently made changes to their positions in the business. Yousif Capital Management LLC grew its holdings in Affirm by 5.1% during the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock worth $237,000 after acquiring an additional 158 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Affirm by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock valued at $108,000 after purchasing an additional 171 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Affirm by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock valued at $2,219,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Affirm by 4.4% during the third quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after purchasing an additional 206 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of Affirm by 3.5% during the third quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

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.