Affirm (NASDAQ:AFRM) Stock Price Down 3.6% – Here’s Why

Affirm Holdings, Inc. (NASDAQ:AFRM) dropped 3.6% during trading on Tuesday . The stock traded as low as $87.80 and last traded at $86.90. Approximately 359,357 shares changed hands during trading, a decline of 95% from the average daily volume of 7,441,041 shares. The stock had previously closed at $90.12.

Analyst Ratings Changes

Several research analysts have recently issued reports on AFRM shares. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Redburn Atlantic upgraded shares of Affirm to a “hold” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Affirm in a report on Thursday, July 17th. They issued a “buy” rating and a $78.00 target price for the company. Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.04.

Affirm Price Performance

The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The stock’s fifty day moving average price is $77.62 and its 200-day moving average price is $61.36. The firm has a market cap of $27.29 billion, a PE ratio of 644.60, a P/E/G ratio of 5.98 and a beta of 3.64.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. During the same period last year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $95.00, for a total transaction of $3,503,410.00. Following the transaction, the insider directly owned 113,400 shares of the company’s stock, valued at $10,773,000. The trade was a 24.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Siphelele Jiyane sold 12,500 shares of Affirm stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the transaction, the chief accounting officer directly owned 213,967 shares in the company, valued at approximately $18,277,061.14. This trade represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,270,497 shares of company stock valued at $102,156,954 in the last quarter. Insiders own 11.82% of the company’s stock.

Institutional Trading of Affirm

Several institutional investors have recently added to or reduced their stakes in AFRM. Allworth Financial LP raised its holdings in shares of Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. Huntington National Bank grew its position in Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after buying an additional 336 shares in the last quarter. SouthState Corp grew its position in Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after buying an additional 280 shares in the last quarter. Blume Capital Management Inc. boosted its position in shares of Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Affirm by 86.6% during the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after purchasing an additional 264 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Company Profile

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.