Durable Capital Partners LP Has $297.39 Million Stake in Affirm Holdings, Inc. $AFRM

Key Points

• Durable Capital Partners LP increased its stake in Affirm Holdings, acquiring an additional 722,599 shares for a total ownership of 6,580,882 shares, making it the 16th largest holding in their portfolio.
• Insider transactions included significant sales by CAO Siphelele Jiyane and CEO Max R. Levchin, who sold a combined total of over 500,000 shares, suggesting potential insider sentiment on the stock.
• Affirm reported a quarterly earnings per share of $0.20, beating expectations, and showing a 32.9% year-over-year revenue increase to approximately $876 million.

Durable Capital Partners LP grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,580,882 shares of the company's stock after acquiring an additional 722,599 shares during the quarter. Affirm accounts for about 2.7% of Durable Capital Partners LP's investment portfolio, making the stock its 16th largest holding. Durable Capital Partners LP owned about 2.07% of Affirm worth $297,390,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AFRM. Price T Rowe Associates Inc. MD increased its holdings 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 worth $205,350,000 after acquiring an additional 2,657,074 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after acquiring an additional 1,457,434 shares in the last quarter. Foxhaven Asset Management LP bought a new stake in shares of Affirm in the fourth quarter worth about $80,917,000. Voloridge Investment Management LLC acquired a new position in shares of Affirm during the fourth quarter worth about $76,738,000. Finally, Lord Abbett & CO. LLC boosted its position in shares of Affirm by 1,137.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock worth $57,964,000 after buying an additional 1,179,016 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Max R. Levchin sold 499,223 shares of the firm'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 value of $40,022,707.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O'hare sold 77,800 shares of the firm's stock in a transaction that occurred on 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. In the last ninety days, insiders sold 1,234,964 shares of company stock valued at $98,925,256. Corporate insiders own 11.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AFRM shares. Mizuho upped their price objective on Affirm from $70.00 to $108.00 and gave the stock an "outperform" rating in a research report on Tuesday. Barclays upped their price objective on Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Oppenheimer set a $80.00 price objective on Affirm and gave the stock an "outperform" rating in a research report on Monday, July 21st. The Goldman Sachs Group upped their price objective on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Affirm in a research report on Friday, August 29th. One equities research 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 company's stock. Based on data from MarketBeat, Affirm currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.04.

Affirm Stock Down 2.6%

NASDAQ AFRM traded down $2.31 during trading hours on Friday, hitting $87.35. 9,262,357 shares of the company traded hands, compared to its average volume of 9,298,591. The business's 50-day moving average is $73.27 and its 200-day moving average is $59.53. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month 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. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 671.97, a P/E/G ratio of 5.84 and a beta of 3.64.

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

Affirm Company 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.