Affirm (NASDAQ:AFRM) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Affirm (NASDAQ:AFRM) from a buy rating to a hold rating in a research report sent to investors on Saturday.

AFRM has been the subject of a number of other research reports. Rothschild & Co Redburn raised shares of Affirm from a “neutral” rating to a “buy” rating and upped their price objective for the company from $74.00 to $101.00 in a research note on Monday, October 6th. Bank of America upped their price target on shares of Affirm from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Monday, November 24th. Jefferies Financial Group boosted their price objective on shares of Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada cut their target price on Affirm from $97.00 to $87.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Affirm has an average rating of “Moderate Buy” and a consensus target price of $86.57.

Affirm Trading Up 3.2%

Shares of AFRM opened at $70.98 on Friday. Affirm has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The company has a market capitalization of $23.43 billion, a PE ratio of 105.93, a price-to-earnings-growth ratio of 3.20 and a beta of 3.57. The stock has a fifty day moving average of $73.03 and a two-hundred day moving average of $70.43. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) earnings per share. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts forecast that Affirm will post -0.18 EPS for the current year.

Insider Activity

In related news, CAO Siphelele Jiyane sold 25,533 shares of Affirm stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the transaction, the chief accounting officer owned 226,467 shares in the company, valued at approximately $20,542,821.57. The trade was a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Max R. Levchin sold 651,713 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total transaction of $58,178,419.51. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 721,169 shares of company stock valued at $64,179,804. Company insiders own 11.01% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently modified their holdings of AFRM. CIBC Bancorp USA Inc. acquired a new position in Affirm during the 3rd quarter worth approximately $702,000. Wilmington Savings Fund Society FSB raised its stake in shares of Affirm by 442.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 6,336 shares of the company’s stock valued at $463,000 after purchasing an additional 5,169 shares during the period. Captrust Financial Advisors lifted its position in shares of Affirm by 4.6% during the third quarter. Captrust Financial Advisors now owns 28,735 shares of the company’s stock worth $2,100,000 after purchasing an additional 1,263 shares in the last quarter. Danske Bank A S purchased a new position in shares of Affirm in the third quarter valued at $6,723,000. Finally, Silvant Capital Management LLC purchased a new position in shares of Affirm in the third quarter valued at $2,182,000. 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.