Ardmore Road Asset Management LP Buys 299,000 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Ardmore Road Asset Management LP significantly increased its holdings in Affirm Holdings, Inc. by 99.3%, now owning 600,000 shares valued at approximately $27 million, making Affirm its 15th largest position.
• Affirm recently reported earnings of $0.20 per share, surpassing analysts' expectations, with revenue totaling $876.42 million, up 32.9% year-over-year.
• Institutional investors control 69.29% of Affirm's stock, and various firms have boosted their price targets, with Jefferies increasing theirs from $82 to $95, reflecting positive analyst sentiment.

Ardmore Road Asset Management LP lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 99.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 600,000 shares of the company's stock after acquiring an additional 299,000 shares during the quarter. Affirm makes up about 2.7% of Ardmore Road Asset Management LP's portfolio, making the stock its 15th biggest holding. Ardmore Road Asset Management LP owned 0.19% of Affirm worth $27,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Durable Capital Partners LP boosted its stake in shares of Affirm by 97.3% during the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after acquiring an additional 2,888,827 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after acquiring an additional 2,657,074 shares during the period. Vanguard Group Inc. boosted its stake in shares of Affirm by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after acquiring an additional 1,457,434 shares during the period. Foxhaven Asset Management LP bought a new position in shares of Affirm during the 4th quarter worth approximately $80,917,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Affirm during the 4th quarter worth approximately $76,738,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AFRM. Evercore ISI lifted their price target on Affirm from $67.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Truist Financial lifted their price target on Affirm from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Redburn Atlantic raised Affirm to a "hold" rating in a report on Friday, August 1st. Finally, Jefferies Financial Group lifted their price target on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Affirm presently has an average rating of "Moderate Buy" and an average target price of $79.04.

Insider Activity at Affirm

In related news, CEO Max R. Levchin sold 499,223 shares of the business's stock in a transaction on 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 document filed with the SEC, which is accessible through this link. Also, COO Michael Linford sold 184,200 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $14,752,578.00. Following the sale, the chief operating officer owned 109,840 shares in the company, valued at $8,797,085.60. This represents a 62.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,234,964 shares of company stock worth $98,925,256 in the last three months. Insiders own 11.82% of the company's stock.

Affirm Price Performance

NASDAQ AFRM traded up $4.94 during midday trading on Thursday, hitting $90.25. The company had a trading volume of 7,603,652 shares, compared to its average volume of 7,434,256. The company has a market capitalization of $29.11 billion, a PE ratio of 692.52, a P/E/G ratio of 3.29 and a beta of 3.64. The company has a current ratio of 11.54, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55. The firm has a 50-day moving average price of $72.43 and a 200-day moving average price of $59.43. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The firm had revenue of $876.42 million during the quarter, compared to analysts' expectations 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 previous year, the firm earned ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.