Affirm (NASDAQ:AFRM) Given New $87.00 Price Target at Royal Bank Of Canada

Affirm (NASDAQ:AFRM) had its price objective cut by equities research analysts at Royal Bank Of Canada from $97.00 to $87.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 23.04% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday. JPMorgan Chase & Co. upped their target price on Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Affirm in a research note on Wednesday. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Susquehanna upped their target price on Affirm from $65.00 to $76.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Affirm Stock Performance

Shares of AFRM traded up $4.75 during mid-day trading on Friday, reaching $70.71. 10,947,922 shares of the company’s stock were exchanged, compared to its average volume of 7,256,696. The business’s fifty day simple moving average is $78.61 and its 200-day simple moving average is $68.03. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00. The stock has a market capitalization of $23.03 billion, a PE ratio of 543.93, a price-to-earnings-growth ratio of 4.56 and a beta of 3.57. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The company had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same period last year, the firm posted ($0.31) EPS. Affirm’s revenue for the quarter 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, equities research analysts expect that Affirm will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other 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 transaction of $3,503,410.00. Following the completion of the sale, the insider directly owned 113,400 shares of the company’s stock, valued at $10,773,000. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christa S. Quarles sold 15,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the sale, the director directly owned 122,241 shares in the company, valued at $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,761,596 shares of company stock worth $148,662,354. 11.01% of the stock is owned by corporate insiders.

Institutional Trading of Affirm

Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in shares of Affirm by 33.8% in the third quarter. GSA Capital Partners LLP now owns 20,670 shares of the company’s stock worth $1,511,000 after acquiring an additional 5,223 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Affirm in the 3rd quarter worth approximately $3,881,000. Vanguard Group Inc. grew its position in Affirm by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company’s stock worth $1,784,545,000 after purchasing an additional 223,258 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Affirm by 10.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 95,521 shares of the company’s stock valued at $6,981,000 after buying an additional 9,311 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Affirm by 22.6% during the third quarter. PNC Financial Services Group Inc. now owns 7,967 shares of the company’s stock valued at $582,000 after buying an additional 1,471 shares during the period. 69.29% of the stock is owned by hedge funds and other 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.