Rareview Capital LLC Buys New Shares in Affirm Holdings, Inc. $AFRM

Rareview Capital LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,541 shares of the company’s stock, valued at approximately $245,000.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after buying an additional 336 shares during the last quarter. Blume Capital Management Inc. increased its holdings in shares of Affirm by 468.8% in the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after buying an additional 375 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after buying an additional 264 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of Affirm in the 2nd quarter worth about $59,000. 69.29% of the stock is currently owned by institutional investors.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 31,423 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total transaction of $2,617,535.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,768,085 shares of company stock valued at $149,149,029. 11.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AFRM shares. JPMorgan Chase & Co. upped their price target on shares of Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Affirm in a research report on Thursday, July 17th. They issued a “buy” rating and a $78.00 price objective for the company. Evercore ISI reiterated an “outperform” rating on shares of Affirm in a research note on Tuesday, September 16th. Mizuho increased their price objective on shares of Affirm from $70.00 to $108.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Finally, BTIG Research downgraded shares of Affirm from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.35.

Affirm Trading Up 0.3%

NASDAQ AFRM opened at $72.08 on Tuesday. The company has a fifty day simple moving average of $79.14 and a two-hundred day simple moving average of $67.81. The stock has a market cap of $23.47 billion, a P/E ratio of 554.50, a P/E/G ratio of 4.59 and a beta of 3.58. 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.

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

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.