Acadian Asset Management LLC Buys 39,025 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Acadian Asset Management LLC increased its stake in Affirm Holdings by an impressive 1,015.5% in Q1, owning 42,868 shares valued at approximately $1.93 million.
• Several other institutional investors, including Ameriprise Financial and Lazard Asset Management, also grew their holdings in Affirm during the fourth quarter, showcasing strong interest in the company.
• Affirm's latest earnings report revealed a profit of $0.20 EPS, exceeding expectations and showing a 32.9% increase in revenue year-over-year.

Acadian Asset Management LLC lifted its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 1,015.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,868 shares of the company's stock after buying an additional 39,025 shares during the quarter. Acadian Asset Management LLC's holdings in Affirm were worth $1,932,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock valued at $205,350,000 after buying an additional 2,657,074 shares during the period. Vanguard Group Inc. grew its position in 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 in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Affirm in the 4th quarter valued at about $76,738,000. Lord Abbett & CO. LLC raised its position in Affirm by 1,137.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock valued at $57,964,000 after purchasing an additional 1,179,016 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Affirm in the 1st quarter worth approximately $45,133,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Affirm news, CFO Robert O'hare sold 31,423 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Max R. Levchin sold 499,223 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were 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. Over the last ninety days, insiders sold 1,270,497 shares of company stock worth $102,156,954. 11.82% of the stock is currently owned by corporate insiders.

Affirm Stock Up 2.5%

Shares of Affirm stock traded up $2.27 during trading on Friday, reaching $92.18. The company's stock had a trading volume of 9,488,112 shares, compared to its average volume of 10,458,674. The company has a market cap of $30.02 billion, a price-to-earnings ratio of 709.13, a P/E/G ratio of 5.84 and a beta of 3.64. The company has a 50-day simple moving average of $77.10 and a two-hundred day simple moving average of $61.02. 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 1-year low of $30.90 and a 1-year high of $100.00.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AFRM. Zacks Research cut shares of Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. BTIG Research downgraded shares of Affirm from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Truist Financial upped their price target on shares of Affirm from $72.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Citigroup reissued an "outperform" rating on shares of Affirm in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.04.

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.