Affirm Holdings, Inc. $AFRM Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Affirm Holdings by 6.0%, owning 108,313 shares valued at $7,489,000 as of the latest SEC disclosure.
• Affirm's share performance remains strong, achieving a 12-month high of $100.00 and reporting revenue of $876.42 million for the latest quarter, surpassing analysts' expectations.
• Several analysts have revised their ratings and price targets for Affirm, with Citigroup giving a "buy" rating and a $100.00 price target.

Allianz Asset Management GmbH lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 6.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,313 shares of the company's stock after buying an additional 6,157 shares during the quarter. Allianz Asset Management GmbH's holdings in Affirm were worth $7,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AFRM. GAMMA Investing LLC grew its position in shares of Affirm by 10.0% during the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock worth $208,000 after buying an additional 419 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Affirm in the first quarter valued at approximately $549,000. Oppenheimer Asset Management Inc. boosted its holdings in Affirm by 15.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 22,220 shares of the company's stock valued at $1,004,000 after purchasing an additional 3,004 shares in the last quarter. Spire Wealth Management acquired a new position in Affirm in the first quarter valued at approximately $120,000. Finally, Diversified Trust Co boosted its holdings in Affirm by 85.1% in the first quarter. Diversified Trust Co now owns 6,830 shares of the company's stock valued at $309,000 after purchasing an additional 3,141 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.00, for a total transaction of $1,395,000.00. Following the completion of the sale, the director owned 122,241 shares in the company, valued at $11,368,413. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Max R. Levchin sold 651,713 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,844,552 shares of company stock valued at $154,885,240. Corporate insiders own 11.82% of the company's stock.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $71.93 on Thursday. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The stock has a 50 day moving average of $79.61 and a two-hundred day moving average of $65.42. The stock has a market cap of $23.42 billion, a P/E ratio of 553.35, a P/E/G ratio of 4.79 and a beta of 3.58.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating 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 company had revenue of $876.42 million during the quarter, compared to analysts' expectations of $834.94 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The firm'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. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup assumed coverage on Affirm in a report on Wednesday. They issued a "buy" rating and a $100.00 price target for the company. Bank of America upped their price target on Affirm from $90.00 to $94.00 and gave the company a "buy" rating in a report on Friday, August 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Affirm in a report on Tuesday, September 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. Finally, Redburn Atlantic raised Affirm to a "hold" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Affirm has an average rating of "Moderate Buy" and an average target price of $87.57.

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.

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