325,000 Shares in Affirm Holdings, Inc. $AFRM Bought by 12 West Capital Management LP

Key Points

• 12 West Capital Management LP acquired 325,000 shares of Affirm Holdings, Inc., valued at approximately $14.7 million, making it the 13th largest holding in their portfolio.
• Affirm's stock price decreased by 7.1%, and analysts have given the stock an average target price of $79.04 with mixed ratings.
• Insider sales included significant trades by Katherine Adkins and CAO Siphelele Jiyane, highlighting a reduction in insider ownership and totaling over $89 million in stock sold in recent months.

12 West Capital Management LP purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 325,000 shares of the company's stock, valued at approximately $14,687,000. Affirm makes up approximately 2.2% of 12 West Capital Management LP's portfolio, making the stock its 13th largest holding. 12 West Capital Management LP owned 0.10% of Affirm at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AFRM. MetLife Investment Management LLC increased its holdings in shares of Affirm by 12.3% in the fourth quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock valued at $277,000 after purchasing an additional 499 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Affirm by 2.6% in the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after purchasing an additional 3,672 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Affirm in the fourth quarter valued at approximately $240,000. Bridgefront Capital LLC acquired a new stake in Affirm during the fourth quarter worth $241,000. Finally, Cetera Investment Advisers increased its stake in Affirm by 5.4% during the fourth quarter. Cetera Investment Advisers now owns 35,801 shares of the company's stock worth $2,180,000 after acquiring an additional 1,837 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer set a $80.00 price target on Affirm and gave the company an "outperform" rating in a research note on Monday, July 21st. Jefferies Financial Group raised their price target on shares of Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Redburn Atlantic raised shares of Affirm to a "hold" rating in a research note on Friday, August 1st. 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 note on Friday, August 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Affirm currently has a consensus rating of "Moderate Buy" and an average target price of $79.04.

Insider Activity at Affirm

In other news, insider Katherine Adkins sold 59,267 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.02, for a total value of $4,446,210.34. Following the transaction, the insider owned 113,400 shares of the company's stock, valued at $8,507,268. This represents a 34.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O'hare sold 77,800 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,234,964 shares of company stock valued at $98,925,256 in the last three months. Company insiders own 11.82% of the company's stock.

Affirm Trading Up 0.4%

NASDAQ:AFRM traded up $0.35 during trading hours on Monday, hitting $87.70. The company had a trading volume of 2,731,388 shares, compared to its average volume of 7,456,323. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The company has a market capitalization of $28.56 billion, a PE ratio of 671.01, a price-to-earnings-growth ratio of 5.69 and a beta of 3.64. 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 stock has a 50-day moving average price of $73.27 and a 200 day moving average price of $59.31.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The company had revenue of $876.42 million during the quarter, compared to analyst estimates of $834.94 million. During the same period in the prior year, the firm posted ($0.14) EPS. The firm's quarterly 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. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

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.