Affirm (AFRM) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Affirm (NASDAQ: AFRM) in the last few weeks:

• 1/22/2025 – Affirm had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 1/21/2025 – Affirm was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $57.00 price target on the stock.
• 1/16/2025 – Affirm had its price target raised by analysts at Wells Fargo & Company from $55.00 to $70.00. They now have an “overweight” rating on the stock.
• 1/15/2025 – Affirm is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
• 12/20/2024 – Affirm was upgraded by analysts at Citizens Jmp from a “hold” rating to a “strong-buy” rating.
• 12/20/2024 – Affirm was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating. They now have a $78.00 price target on the stock.
• 12/19/2024 – Affirm was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $82.00 price target on the stock, up previously from $70.00.
• 12/16/2024 – Affirm had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $75.00. They now have a “hold” rating on the stock.
• 12/2/2024 – Affirm had its price target raised by analysts at JPMorgan Chase & Co. from $56.00 to $74.00. They now have an “overweight” rating on the stock.
• 12/2/2024 – Affirm had its price target raised by analysts at The Goldman Sachs Group, Inc. from $57.00 to $78.00. They now have a “buy” rating on the stock.

Affirm Stock Performance

AFRM stock opened at $55.17 on Tuesday. The stock’s 50 day simple moving average is $63.95 and its 200 day simple moving average is $47.47. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34. The stock has a market capitalization of $17.33 billion, a PE ratio of -38.85 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. During the same period last year, the firm posted ($0.57) earnings per share. As a group, research analysts forecast that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the completion of the sale, the director now directly owns 41,497 shares in the company, valued at $2,989,858.85. This represents a 5.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Katherine Adkins sold 200,000 shares of Affirm stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the transaction, the insider now owns 93,545 shares in the company, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,323,478 shares of company stock valued at $86,285,371 over the last 90 days. Company insiders own 12.41% of the company’s stock.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in Affirm during the second quarter valued at about $3,516,000. Sei Investments Co. grew its stake in Affirm by 33.2% during the second quarter. Sei Investments Co. now owns 54,993 shares of the company’s stock valued at $1,661,000 after acquiring an additional 13,698 shares in the last quarter. Bank of Montreal Can increased its holdings in Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after acquiring an additional 187,790 shares during the last quarter. AQR Capital Management LLC lifted its stake in Affirm by 2.5% in the 2nd quarter. AQR Capital Management LLC now owns 29,135 shares of the company’s stock worth $880,000 after purchasing an additional 722 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Affirm by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,588 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,105 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

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.