Bosun Asset Management LLC Makes New $508,000 Investment in Affirm Holdings, Inc. $AFRM

Key Points

• Bosun Asset Management LLC acquired 11,237 shares of Affirm Holdings, Inc. valued at approximately $508,000 in the first quarter.
• Affirm stock has demonstrated a 3.8% increase recently, with a market capitalization of $27.52 billion and a current PE ratio of 656.28.
• Insider selling was notable, with CEO Max R. Levchin selling 499,223 shares for over $40 million in a recent transaction.

Bosun Asset Management LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,237 shares of the company's stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AFRM. Allworth Financial LP increased its holdings in 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 buying an additional 219 shares in the last quarter. SVB Wealth LLC purchased a new position in Affirm in the first quarter valued at $47,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Affirm by 3,637.8% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock valued at $62,000 after buying an additional 1,346 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Affirm in the first quarter valued at $69,000. Finally, CoreCap Advisors LLC increased its holdings in Affirm by 11,810.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,191 shares of the company's stock valued at $73,000 after buying an additional 1,181 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Trading Up 1.5%

Shares of Affirm stock traded up $1.32 on Tuesday, reaching $87.20. The company had a trading volume of 3,617,748 shares, compared to its average volume of 7,454,103. The firm's 50 day moving average price is $73.60 and its two-hundred day moving average price is $59.43. The firm has a market cap of $28.40 billion, a PE ratio of 670.12, a PEG ratio of 5.69 and a beta of 3.64. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The business had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. During the same period in the previous year, the firm earned ($0.14) EPS. The business's revenue was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 transaction of $2,316,098.43. Following the sale, the chief accounting officer directly owned 226,467 shares of the company's stock, valued at $20,542,821.57. This represents a 10.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Max R. Levchin sold 499,223 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The disclosure for this sale can be found here. Insiders sold 1,260,497 shares of company stock worth $101,241,354 over the last 90 days. Company insiders own 11.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Oppenheimer set a $80.00 target price on shares of Affirm and gave the company an "outperform" rating in a research report on Monday, July 21st. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. UBS Group lifted their target price on shares of Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group boosted their price target on shares of Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. One research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $79.04.

About Affirm

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.