Allspring Global Investments Holdings LLC Sells 349,083 Shares of Affirm Holdings, Inc. $AFRM

Allspring Global Investments Holdings LLC cut its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 35.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 642,623 shares of the company’s stock after selling 349,083 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Affirm were worth $43,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of Affirm by 15.6% in the second quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company’s stock valued at $90,000 after acquiring an additional 175 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Affirm by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock valued at $2,219,000 after acquiring an additional 200 shares in the last quarter. Allworth Financial LP grew its holdings 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 in the last quarter. Sei Investments Co. grew its holdings in shares of Affirm by 0.6% in the first quarter. Sei Investments Co. now owns 41,066 shares of the company’s stock valued at $1,856,000 after acquiring an additional 226 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Affirm by 2.2% in the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company’s stock valued at $518,000 after acquiring an additional 252 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Affirm Price Performance

Affirm stock opened at $72.92 on Wednesday. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The business has a fifty day moving average price of $80.16 and a 200-day moving average price of $64.38. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The firm has a market capitalization of $23.75 billion, a P/E ratio of 560.97, a PEG ratio of 4.84 and a beta of 3.58.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The firm had revenue of $876.42 million during the quarter, compared to analyst estimates of $834.94 million. During the same period last year, the company earned ($0.14) earnings per share. The business’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 research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Christa S. Quarles sold 15,000 shares of the 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 owned 122,241 shares in the company, valued at approximately $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Siphelele Jiyane sold 12,500 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the sale, the chief accounting officer owned 213,967 shares in the company, valued at $18,277,061.14. This trade represents a 5.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,844,552 shares of company stock valued at $154,885,240 in the last ninety days. 11.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AFRM has been the subject of several research reports. Mizuho increased their price objective on Affirm from $70.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Affirm in a research report on Thursday, July 17th. They set a “buy” rating and a $78.00 price target on the stock. Redburn Partners set a $101.00 price target on Affirm in a research report on Monday, October 6th. Truist Financial upped their price target on Affirm from $72.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Wall Street Zen raised Affirm from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.

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.