Ritholtz Wealth Management Makes New Investment in Affirm Holdings, Inc. $AFRM

Ritholtz Wealth Management bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, HoldingsChannel reports. The fund bought 4,109 shares of the company’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AFRM. Price T Rowe Associates Inc. MD grew its stake in shares of Affirm by 140.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock worth $205,350,000 after buying an additional 2,657,074 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after buying an additional 1,457,434 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Affirm by 1,137.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company’s stock worth $57,964,000 after buying an additional 1,179,016 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Affirm during the first quarter worth $45,133,000. Finally, Durable Capital Partners LP grew its stake in shares of Affirm by 12.3% during the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company’s stock worth $297,390,000 after buying an additional 722,599 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Siphelele Jiyane sold 25,533 shares of the business’s stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Linford sold 184,200 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $14,752,578.00. Following the transaction, the chief operating officer owned 109,840 shares in the company, valued at $8,797,085.60. This represents a 62.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,844,552 shares of company stock valued at $154,885,240 over the last quarter. Company insiders own 11.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AFRM shares. Barclays lifted their price target on shares of Affirm from $67.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 30th. UBS Group lifted their price target on shares of Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Zacks Research lowered shares of Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Citigroup reiterated an “outperform” rating on shares of Affirm in a report on Friday, August 29th. Finally, The Goldman Sachs Group cut their price target on shares of Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Affirm Price Performance

AFRM stock opened at $74.49 on Wednesday. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of 573.04, a PEG ratio of 4.64 and a beta of 3.58. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The company’s fifty day simple moving average is $79.72 and its 200 day simple moving average is $65.38.

Affirm (NASDAQ:AFRM) last released its earnings results 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. The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. Affirm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts expect 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.