Affirm Holdings, Inc. $AFRM Shares Sold by Diker Management LLC

Key Points

• Diker Management LLC reduced its holdings in Affirm Holdings by 75%, leaving it with 10,000 shares after selling 30,000 in the first quarter, which comprises about 0.5% of its portfolio.
• Several other institutional investors, including Allworth Financial LP and CoreCap Advisors LLC, have significantly increased their positions in Affirm, indicating renewed interest in the stock.
• Affirm's recent earnings report showed an EPS of $0.20, surpassing estimates and marking a year-over-year revenue increase of 32.9% to $876.42 million.

Diker Management LLC decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 75.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company's stock after selling 30,000 shares during the quarter. Affirm comprises about 0.5% of Diker Management LLC's portfolio, making the stock its 20th biggest position. Diker Management LLC's holdings in Affirm were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of Affirm by 63.7% in 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. SVB Wealth LLC acquired a new position in shares of Affirm in the first quarter valued at about $47,000. CoreCap Advisors LLC increased its holdings in shares of Affirm by 11,810.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,191 shares of the company's stock valued at $73,000 after purchasing an additional 1,181 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Affirm by 3,637.8% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock valued at $62,000 after purchasing an additional 1,346 shares during the period. Finally, First Horizon Advisors Inc. acquired a new position in shares of Affirm in the first quarter valued at about $69,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. Susquehanna boosted their price objective on Affirm from $65.00 to $76.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Citigroup reissued an "outperform" rating on shares of Affirm in a report on Friday, August 29th. UBS Group boosted their price objective on Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Oppenheimer set a $80.00 price objective on Affirm and gave the company an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $79.04.

Insiders Place Their Bets

In other news, CFO Robert O'hare sold 31,423 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total value of $2,617,535.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katherine Adkins sold 36,878 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $95.00, for a total value of $3,503,410.00. Following the completion of the sale, the insider owned 113,400 shares of the company's stock, valued at $10,773,000. This trade represents a 24.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,260,497 shares of company stock valued at $101,241,354. Insiders own 11.82% of the company's stock.

Affirm Price Performance

NASDAQ:AFRM traded down $1.09 during trading hours on Wednesday, hitting $87.33. 974,008 shares of the stock were exchanged, compared to its average volume of 7,437,441. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The firm's fifty day moving average price is $74.03 and its 200 day moving average price is $59.63. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The company has a market cap of $28.44 billion, a P/E ratio of 671.83, a P/E/G ratio of 5.60 and a beta of 3.64.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.20 EPS 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 during the quarter, compared to analyst estimates of $834.94 million. During the same period in the previous year, the business earned ($0.14) EPS. Affirm's quarterly 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. As a group, equities research analysts anticipate 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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