American Century Companies Inc. Acquires 56,921 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• American Century Companies Inc. has increased its stake in Affirm Holdings by 59.7%, owning 152,245 shares valued at approximately $6.88 million.
• Various hedge funds have also been actively trading, with institutional investors now owning 69.29% of Affirm's stock.
• Affirm's stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $69.74.

American Century Companies Inc. increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 59.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,245 shares of the company's stock after purchasing an additional 56,921 shares during the period. American Century Companies Inc.'s holdings in Affirm were worth $6,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock valued at $1,051,707,000 after purchasing an additional 1,457,434 shares during the period. Durable Capital Partners LP boosted its stake in Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after buying an additional 2,888,827 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Affirm by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,279,218 shares of the company's stock valued at $102,998,000 after buying an additional 7,160 shares in the last quarter. Foxhaven Asset Management LP acquired a new stake in Affirm in the 4th quarter valued at $80,917,000. Finally, Lord Abbett & CO. LLC boosted its stake in Affirm by 1,137.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock valued at $57,964,000 after buying an additional 1,179,016 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on AFRM shares. UBS Group boosted their price target on Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday. Morgan Stanley set a $90.00 price target on Affirm in a research note on Friday. Jefferies Financial Group boosted their price target on Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Susquehanna boosted their price target on Affirm from $65.00 to $76.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price objective on Affirm from $75.00 to $97.00 and gave the stock a "sector perform" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.04.

Insider Transactions at Affirm

In other Affirm news, CEO Max R. Levchin sold 499,223 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Katherine Adkins sold 59,267 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.02, for a total value of $4,446,210.34. Following the transaction, the insider 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 ninety days, insiders have sold 1,128,938 shares of company stock valued at $89,217,029. Corporate insiders own 11.82% of the company's stock.

Affirm Trading Down 4.6%

Shares of AFRM traded down $4.06 during trading hours on Tuesday, hitting $84.40. 3,966,193 shares of the stock traded hands, compared to its average volume of 7,353,915. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The firm has a market capitalization of $27.23 billion, a PE ratio of 647.53, a price-to-earnings-growth ratio of 3.29 and a beta of 3.64. The business has a fifty day moving average of $71.71 and a 200-day moving average of $59.09.

Affirm (NASDAQ:AFRM - Get Free Report) last issued 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 return on equity of 1.80% and a net margin of 1.62%.The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The firm'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. Analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

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.