Affirm Holdings, Inc. $AFRM Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its stake in Affirm Holdings by 17.2% in the first quarter, now holding 32,928 shares worth approximately $1.5 million after selling 6,848 shares.
• Affirm reported a $0.20 earnings per share (EPS) for the last quarter, surpassing expectations and showing a 32.9% increase in revenue year-over-year.
• Insiders sold over 1.26 million shares of Affirm stock valued at approximately $101 million over the last quarter, leading to a decrease in their ownership to 11.82% of the company.

NewEdge Advisors LLC lowered its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 17.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,928 shares of the company's stock after selling 6,848 shares during the quarter. NewEdge Advisors LLC's holdings in Affirm were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Affirm by 2,800.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock worth $2,083,000 after purchasing an additional 44,495 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Affirm by 2.6% during the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock worth $8,887,000 after purchasing an additional 3,672 shares during the last quarter. Spire Wealth Management bought a new position in Affirm during the first quarter worth $120,000. Deutsche Bank AG lifted its stake in Affirm by 2.6% during the fourth quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock worth $1,973,000 after purchasing an additional 817 shares during the last quarter. Finally, BIT Capital GmbH bought a new position in Affirm during the first quarter worth $26,060,000. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Affirm

In related news, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $95.00, for a total transaction of $3,503,410.00. Following the sale, the insider directly owned 113,400 shares in the company, valued at $10,773,000. The trade was a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Siphelele Jiyane sold 25,533 shares of Affirm stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the sale, the chief accounting officer owned 226,467 shares in the company, valued at approximately $20,542,821.57. This represents a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,260,497 shares of company stock valued at $101,241,354. 11.82% of the stock is currently owned by insiders.

Affirm Stock Performance

Shares of AFRM opened at $83.08 on Friday. 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 $27.06 billion, a price-to-earnings ratio of 639.13, a price-to-earnings-growth ratio of 5.29 and a beta of 3.64. 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 firm has a fifty day moving average of $74.89 and a 200-day moving average of $60.04.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AFRM. Stephens began coverage on Affirm in a research note on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price objective on the stock. Zacks Research cut Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Citigroup restated an "outperform" rating on shares of Affirm in a research note on Friday, August 29th. Oppenheimer set a $80.00 price objective on Affirm and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada boosted their price target on shares of Affirm from $75.00 to $97.00 and gave the company a "sector perform" rating in a report on Friday, August 29th. One equities 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. Based on data from MarketBeat.com, Affirm presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.04.

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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