Allspring Global Investments Holdings LLC Sells 349,083 Shares of Affirm Holdings, Inc. $AFRM

Allspring Global Investments Holdings LLC lessened its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 35.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 642,623 shares of the company's stock after selling 349,083 shares during the period. Allspring Global Investments Holdings LLC owned about 0.20% of Affirm worth $43,120,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AFRM. Allworth Financial LP grew 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 valued at $27,000 after buying an additional 219 shares during the last quarter. UMB Bank n.a. grew its position 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 buying an additional 264 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Affirm in the 1st quarter valued at about $47,000. Sound Income Strategies LLC acquired a new position in shares of Affirm in the 2nd quarter valued at about $59,000. Finally, First Horizon Advisors Inc. acquired a new position in shares of Affirm in the 1st quarter valued at about $69,000. Institutional investors own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities boosted their price objective on Affirm from $75.00 to $105.00 and gave the company a "market outperform" rating in a research note on Friday, August 29th. Morgan Stanley set a $90.00 price objective on Affirm in a research note on Friday, August 29th. Barclays boosted their price objective on Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Zacks Research downgraded Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Rothschild Redb raised Affirm from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Insider Transactions at Affirm

In other news, CEO Max R. Levchin sold 651,713 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christa S. Quarles sold 15,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the completion of the sale, the director directly owned 122,241 shares of the company's stock, valued at approximately $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,844,552 shares of company stock valued at $154,885,240. Corporate insiders own 11.82% of the company's stock.

Affirm Stock Down 0.4%

AFRM stock opened at $72.92 on Wednesday. The stock's 50 day simple moving average is $80.16 and its 200 day simple moving average is $64.38. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week 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 company has a market cap of $23.75 billion, a P/E ratio of 560.97, a price-to-earnings-growth ratio of 4.84 and a beta of 3.58.

Affirm (NASDAQ:AFRM - Get Free Report) last issued 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. The firm 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 quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share 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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