Norden Group LLC Takes $219,000 Position in Affirm Holdings, Inc. $AFRM

Norden Group LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,163 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors also recently modified their holdings of AFRM. Allworth Financial LP boosted its position in shares of Affirm by 63.7% in the first 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 period. UMB Bank n.a. lifted its position in Affirm by 86.6% during the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 264 shares during the period. SVB Wealth LLC bought a new stake in Affirm during the first quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Affirm by 3,637.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock worth $62,000 after purchasing an additional 1,346 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in Affirm during the first quarter worth about $69,000. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Robert O’hare sold 77,800 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $6,231,002.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Siphelele Jiyane sold 25,533 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total value of $2,316,098.43. Following the completion of the sale, the chief accounting officer owned 226,467 shares in the company, valued at $20,542,821.57. The trade was a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,922,210 shares of company stock valued at $160,335,374 over the last three months. Insiders own 11.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AFRM shares. UBS Group upped their price objective on shares of Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Truist Financial upped their price objective on shares of Affirm from $72.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. JMP Securities upped their price objective on shares of Affirm from $75.00 to $105.00 and gave the stock a “market outperform” rating in a research report on Friday, August 29th. Bank of America upped their price objective on shares of Affirm from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Oppenheimer set a $80.00 target price on Affirm and gave the stock an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.04.

Affirm Stock Down 2.5%

Shares of NASDAQ AFRM opened at $76.03 on Friday. The stock has a 50-day moving average price of $78.55 and a two-hundred day moving average price of $62.16. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 584.89, a PEG ratio of 4.94 and a beta of 3.64.

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

Affirm 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.