Affirm Holdings, Inc. $AFRM Shares Purchased by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management Ltd. increased its stake in Affirm Holdings, Inc. by 97.6% during the second quarter, bringing their total holdings to 21,485 shares, valued at approximately $1.485 million.
• Affirm's recent earnings report showed a 32.9% year-over-year revenue growth with an earnings per share (EPS) of $0.20, outperforming analyst estimates of $0.11.
• Analysts have set a consensus target price of $80.04 for Affirm, with a majority rating the stock as a Moderate Buy, indicating positive investor sentiment.

Lecap Asset Management Ltd. increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 97.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,485 shares of the company's stock after purchasing an additional 10,611 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Affirm were worth $1,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after purchasing an additional 219 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company's stock valued at $39,000 after acquiring an additional 264 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Affirm in the 2nd quarter valued at about $59,000. SVB Wealth LLC acquired a new stake in shares of Affirm in the 1st quarter valued at about $47,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Affirm by 15.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company's stock valued at $90,000 after purchasing an additional 175 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on AFRM shares. Truist Financial upped their target price on Affirm from $72.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 12th. UBS Group upped their target price on Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Jefferies Financial Group upped their target price on Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Rothschild & Co Redburn started coverage on Affirm in a research report on Friday, August 1st. They issued a "neutral" rating and a $74.00 target price for the company. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Affirm in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.04.

Affirm Stock Up 1.8%

AFRM opened at $74.42 on Thursday. The business has a 50 day moving average price of $79.07 and a two-hundred day moving average price of $62.61. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The company has a market cap of $24.23 billion, a PE ratio of 572.51, a P/E/G ratio of 4.74 and a beta of 3.58. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00.

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. The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The company's revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In related news, CFO Robert O'hare sold 77,800 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $6,231,002.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 59,267 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.02, for a total value of $4,446,210.34. Following the completion of the transaction, the insider directly owned 113,400 shares of the company's stock, valued at $8,507,268. The trade was a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,921,456 shares of company stock worth $160,284,531. 11.82% of the stock is currently owned by company insiders.

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.

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