Stephens Cuts Affirm (NASDAQ:AFRM) Price Target to $65.00

Affirm (NASDAQ:AFRM) had its price objective reduced by Stephens from $75.00 to $65.00 in a research note released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently commented on AFRM. Wolfe Research initiated coverage on shares of Affirm in a research note on Tuesday, December 9th. They set a “peer perform” rating for the company. Oppenheimer lowered their target price on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a report on Friday. Needham & Company LLC cut their price target on shares of Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley raised shares of Affirm from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $83.00 to $76.00 in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada dropped their price objective on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.21.

Affirm Stock Down 4.0%

Shares of NASDAQ AFRM opened at $57.03 on Friday. The firm has a market cap of $18.82 billion, a P/E ratio of 70.41, a price-to-earnings-growth ratio of 2.51 and a beta of 3.56. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm has a 1 year low of $30.90 and a 1 year high of $100.00. The firm’s 50 day moving average price is $71.53 and its 200 day moving average price is $74.29.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Affirm will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $109,440. This represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 711,256 shares of company stock valued at $57,231,923. 11.01% of the stock is owned by corporate insiders.

Institutional Trading of Affirm

Several large investors have recently bought and sold shares of AFRM. Vanguard Group Inc. lifted its position in shares of Affirm by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 24,847,206 shares of the company’s stock worth $1,849,378,000 after purchasing an additional 428,138 shares in the last quarter. Durable Capital Partners LP grew its holdings in Affirm by 12.3% during the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after purchasing an additional 808,455 shares in the last quarter. State Street Corp increased its stake in Affirm by 26.7% during the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after buying an additional 1,187,665 shares during the period. Geode Capital Management LLC lifted its holdings in Affirm by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock worth $322,195,000 after buying an additional 254,359 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Affirm by 294.2% in the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after buying an additional 3,234,260 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Key Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Q2 results beat consensus — Affirm reported an EPS beat and revenue growth with GMV up ~36% year-over-year, underscoring healthy transaction and merchant momentum. Affirm Q2 earnings beat (MarketBeat)
• Positive Sentiment: Customer and merchant metrics improving — active consumers and transactions per user rose, supporting repeat-use traction for Affirm’s BNPL offerings. Affirm BNPL volumes jump (PYMNTS)
• Positive Sentiment: New partnership expands reach — Affirm signed a deal with Virgin Media O2 to offer device financing in the U.K., which should broaden merchant distribution and product adoption. Affirm and Virgin Media O2 partnership (BusinessWire)
• Positive Sentiment: Some analyst support remains — Morgan Stanley recently upgraded the stock to Overweight, reflecting buy‑side interest despite mixed signals. Morgan Stanley upgrade (AmericanBankingNews)
• Neutral Sentiment: Guidance roughly in line — Affirm updated fiscal revenue targets that were generally in line with expectations, leaving less new directional information for investors. Q2 results and investor presentation (Affirm IR)
• Neutral Sentiment: Short-interest data shows no meaningful change — the reported short interest figures are effectively unchanged and do not appear to be driving today’s move.
• Negative Sentiment: Credit metrics deteriorated — Affirm increased loan-loss provisions and noted higher installment loan delinquency rates, which raised concerns about credit quality and pressured the stock. Earnings beat highlights growth and credit concerns (MarketBeat)
• Negative Sentiment: Analysts trimmed price targets — several firms (JPMorgan, Stephens, RBC) lowered targets this morning, signaling more cautious near‑term expectations and adding selling pressure. Analyst price-target changes (Benzinga / MarketScreener)

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.