Wells Fargo & Company Begins Coverage on Affirm (NASDAQ:AFRM)

Investment analysts at Wells Fargo & Company began coverage on shares of Affirm (NASDAQ:AFRM) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set an “overweight” rating on the stock.

AFRM has been the topic of several other reports. Rothschild Redb upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. JMP Securities increased their price target on Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a research report on Friday, August 29th. UBS Group upped their price objective on Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Redburn Partners set a $101.00 price objective on Affirm in a research note on Monday, October 6th. Finally, Susquehanna boosted their target price on shares of Affirm from $65.00 to $76.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.57.

Affirm Stock Down 3.4%

NASDAQ:AFRM opened at $71.93 on Tuesday. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The stock has a 50-day simple moving average of $79.61 and a 200 day simple moving average of $65.42. The company has a market cap of $23.42 billion, a PE ratio of 553.35, a PEG ratio of 4.79 and a beta of 3.58.

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

Insider Activity at Affirm

In other Affirm news, CAO Siphelele Jiyane sold 12,500 shares of the 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 transaction, the chief accounting officer directly owned 213,967 shares of the company’s stock, valued at $18,277,061.14. This represents a 5.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O’hare sold 31,423 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 a total of 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

Institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after purchasing an additional 336 shares during the period. Mather Group LLC. acquired a new stake in shares of Affirm during the third quarter worth $29,000. SouthState Corp increased its position in Affirm by 190.5% during the second quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after acquiring an additional 280 shares during the period. Blume Capital Management Inc. grew its position in shares of Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares in the last quarter. 69.29% of the stock is currently owned by 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.