Affirm (NASDAQ:AFRM) Given New $83.00 Price Target at Morgan Stanley

by · The Cerbat Gem

Affirm (NASDAQ:AFRM – Free Report) had its price target trimmed by Morgan Stanley from $90.00 to $83.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

AFRM has been the subject of a number of other reports. UBS Group boosted their target price on Affirm from $56.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Susquehanna boosted their price objective on shares of Affirm from $65.00 to $76.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Affirm from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Redburn Atlantic upgraded shares of Affirm to a “hold” rating in a research note on Friday, August 1st. Finally, Truist Financial decreased their target price on Affirm from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, October 24th. 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. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Read Our Latest Stock Report on AFRM

Affirm Trading Up 11.6%

Shares of NASDAQ:AFRM traded up $7.66 during midday trading on Friday, hitting $73.62. The company had a trading volume of 16,341,703 shares, compared to its average volume of 5,280,319. 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 12 month low of $30.90 and a 12 month high of $100.00. The firm has a fifty day simple moving average of $78.31 and a 200 day simple moving average of $68.26. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of 109.88, a PEG ratio of 4.25 and a beta of 3.57.

Affirm (NASDAQ:AFRM – Get Free Report) last released 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. Affirm had a return on equity of 8.01% and a net margin of 6.74%.The business had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. During the same quarter in the prior year, the company posted ($0.31) earnings per share. The firm’s revenue was up 33.6% on a year-over-year basis. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, insider Katherine Adkins sold 36,878 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $95.00, for a total value of $3,503,410.00. Following the transaction, the insider owned 113,400 shares in the company, valued at approximately $10,773,000. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Siphelele Jiyane sold 25,533 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the sale, the chief accounting officer directly owned 226,467 shares of the company’s stock, valued at $20,542,821.57. This represents a 10.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,761,596 shares of company stock valued at $148,662,354 in the last ninety days. Insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Affirm by 893.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 184,432 shares of the company’s stock valued at $8,334,000 after purchasing an additional 165,863 shares in the last quarter. M&T Bank Corp grew its position in Affirm by 1.9% in the first quarter. M&T Bank Corp now owns 21,416 shares of the company’s stock valued at $968,000 after acquiring an additional 389 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Affirm during the first quarter worth about $114,000. Allworth Financial LP lifted its stake in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. Finally, Xponance Inc. raised its position in Affirm by 5.6% in the first quarter. Xponance Inc. now owns 13,148 shares of the company’s stock valued at $594,000 after purchasing an additional 692 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

About Affirm

(Get Free Report)

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.

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