Affirm Holdings, Inc. $AFRM Shares Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its holdings in Affirm Holdings by 150.2% in the 2nd quarter, owning 16,153 shares valued at approximately $1.1 million.
• CEO Max R. Levchin sold 651,713 shares on September 22, significantly capitalizing on the stock's price at around $89.27, while insiders have sold 1.84 million shares in the last quarter.
• Analysts have mixed ratings on Affirm, with an average rating of "Moderate Buy" and a consensus target price of $86.00, amid recent performance improvements including a revenue increase of 32.9% year-over-year.

MGO One Seven LLC grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 150.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,153 shares of the company's stock after purchasing an additional 9,696 shares during the period. MGO One Seven LLC's holdings in Affirm were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Affirm by 2,800.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after purchasing an additional 44,495 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in shares of Affirm in the 2nd quarter valued at $554,000. Toth Financial Advisory Corp acquired a new position in shares of Affirm in the 2nd quarter valued at $705,000. Lecap Asset Management Ltd. lifted its stake in shares of Affirm by 97.6% in the 2nd quarter. Lecap Asset Management Ltd. now owns 21,485 shares of the company's stock valued at $1,485,000 after purchasing an additional 10,611 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Affirm by 236.6% in the 2nd quarter. Truist Financial Corp now owns 60,725 shares of the company's stock valued at $4,199,000 after purchasing an additional 42,686 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Insiders Place Their Bets

In other news, CEO Max R. Levchin sold 651,713 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Siphelele Jiyane sold 25,533 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $90.71, for a total value of $2,316,098.43. Following the completion of the transaction, the chief accounting officer owned 226,467 shares in the company, valued at approximately $20,542,821.57. The trade was a 10.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,844,552 shares of company stock worth $154,885,240. 11.82% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AFRM. Redburn Partners set a $101.00 price target on Affirm in a research note on Monday, October 6th. Citigroup reissued an "outperform" rating on shares of Affirm in a research note on Friday, August 29th. Truist Financial increased their target price on Affirm from $72.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. JPMorgan Chase & Co. increased their target price on Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Affirm in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Affirm has an average rating of "Moderate Buy" and a consensus target price of $86.00.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $69.07 on Friday. The stock's 50-day moving average is $79.88 and its two-hundred day moving average is $64.60. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 531.35, a price-to-earnings-growth ratio of 4.79 and a beta of 3.58.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. During the same quarter in the prior year, the business earned ($0.14) EPS. Affirm's revenue was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts forecast 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.

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