Affirm (NASDAQ:AFRM) Given New $105.00 Price Target at Piper Sandler

Affirm (NASDAQ:AFRM) had its price target cut by stock analysts at Piper Sandler from $115.00 to $105.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler‘s price objective points to a potential upside of 50.73% from the company’s current price.

AFRM has been the subject of several other reports. Royal Bank Of Canada upped their price objective on Affirm from $80.00 to $96.00 and gave the company a “sector perform” rating in a research note on Friday, August 28th. Needham & Company LLC reaffirmed a “buy” rating on shares of Affirm in a research report on Friday. Citigroup reiterated a “market outperform” rating on shares of Affirm in a research note on Friday, August 28th. JPMorgan Chase & Co. boosted their target price on Affirm from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, Cantor Fitzgerald boosted their target price on Affirm from $88.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.04.

Affirm Trading Down 7.8%

NASDAQ AFRM opened at $69.66 on Friday. The firm’s fifty day moving average is $72.73 and its two-hundred day moving average is $66.57. Affirm has a one year low of $42.10 and a one year high of $90.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.80 and a current ratio of 11.80. The firm has a market cap of $23.50 billion, a PE ratio of 12.62, a P/E/G ratio of 3.07 and a beta of 3.74.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Analysts expect that Affirm will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Katherine Adkins sold 41,664 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total transaction of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares of the company’s stock, valued at approximately $11,513,717.67. This represents a 21.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert O’Hare sold 65,591 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $80.02, for a total value of $5,248,591.82. Following the completion of the sale, the chief financial officer directly owned 2,734 shares of the company’s stock, valued at $218,774.68. This represents a 96.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 280,118 shares of company stock worth $22,223,307 over the last quarter. 11.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AFRM. Maryland State Retirement & Pension System lifted its holdings in Affirm by 8.2% in the third quarter. Maryland State Retirement & Pension System now owns 17,035 shares of the company’s stock valued at $1,179,000 after acquiring an additional 1,298 shares during the period. Machina Capital S.A.S. purchased a new stake in shares of Affirm during the 3rd quarter worth $208,000. Lido Advisors LLC boosted its position in shares of Affirm by 52.2% during the 3rd quarter. Lido Advisors LLC now owns 7,800 shares of the company’s stock worth $540,000 after purchasing an additional 2,675 shares in the last quarter. Keybank National Association OH grew its stake in shares of Affirm by 90.5% during the 3rd quarter. Keybank National Association OH now owns 5,539 shares of the company’s stock worth $383,000 after purchasing an additional 2,632 shares during the period. Finally, AlphaCore Capital LLC grew its stake in shares of Affirm by 65.4% during the 3rd quarter. AlphaCore Capital LLC now owns 4,740 shares of the company’s stock worth $328,000 after purchasing an additional 1,875 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm News Summary

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm reported fiscal Q1 2027 earnings of $0.47 per share, above the $0.38 analyst consensus and up from $0.23 a year earlier. One report also put revenue at $1.26 billion, ahead of the $1.21 billion estimate. Affirm Q1 earnings and revenues beat estimates
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating and set an $85 price target, implying about 22% upside from the cited $69.66 share price. Citizens JMP recommendations
• Neutral Sentiment: Reports conflict on quarterly revenue: MarketScreener cited $1.26 billion versus a $1.21 billion estimate, while MarketBeat reported $1.15 billion versus the same estimate. The differing figures make the revenue comparison less clear. MarketScreener revenue flash
• Negative Sentiment: Sector-wide weakness is weighing on AFRM alongside other retail-focused fintech stocks, with coverage pointing to bitcoin’s slide and political uncertainty as factors behind the selling. Fintech stocks weighed down by bitcoin and political concerns

About Affirm

Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.