12 West Capital Management LP Purchases Shares of 325,000 Affirm Holdings, Inc. $AFRM

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 bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 325,000 shares of the company's stock, valued at approximately $14,687,000. Affirm accounts for about 2.2% of 12 West Capital Management LP's holdings, making the stock its 13th largest holding. 12 West Capital Management LP owned about 0.10% of Affirm at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in 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 period. SVB Wealth LLC bought a new stake in Affirm in the 1st quarter worth approximately $47,000. CoreCap Advisors LLC lifted its position in Affirm by 11,810.0% during the fourth quarter. CoreCap Advisors LLC now owns 1,191 shares of the company's stock valued at $73,000 after purchasing an additional 1,181 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Affirm by 3,637.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock valued at $62,000 after purchasing an additional 1,346 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Affirm during the first quarter valued at $69,000. Institutional investors own 69.29% of the company's stock.

Insider Buying and Selling at Affirm

In related news, COO Michael Linford sold 184,200 shares of the stock in a transaction dated Friday, August 22nd. The stock was 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 of the company's stock, valued at approximately $8,797,085.60. This represents a 62.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Siphelele Jiyane sold 22,725 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.47, for a total value of $2,192,280.75. Following the transaction, the chief accounting officer directly owned 219,467 shares of the company's stock, valued at $21,171,981.49. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,234,964 shares of company stock worth $98,925,256. Insiders own 11.82% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AFRM shares. JMP Securities lifted their target price on Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a research report on Friday, August 29th. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. Royal Bank Of Canada raised their price objective on Affirm from $75.00 to $97.00 and gave the stock a "sector perform" rating in a research report on Friday, August 29th. Wall Street Zen raised Affirm from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Evercore ISI increased their price objective on Affirm from $67.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Affirm currently has an average rating of "Moderate Buy" and a consensus target price of $79.04.

Affirm Price Performance

AFRM traded down $2.31 on Friday, hitting $87.35. 9,262,357 shares of the company's stock were exchanged, compared to its average volume of 9,298,591. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week 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. The firm has a 50-day moving average price of $73.27 and a 200-day moving average price of $59.41. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 671.97, a P/E/G ratio of 5.69 and a beta of 3.64.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its 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. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. During the same period last year, the company earned ($0.14) EPS. The company'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 analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

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.