Ashford Capital Management Inc. Has $1.14 Million Stake in Affirm Holdings, Inc. $AFRM

Key Points

• Ashford Capital Management Inc. increased its stake in Affirm Holdings, Inc. by 83.3% during the first quarter, owning 25,293 shares worth approximately $1.14 million at that time.
• Insider sales have been significant, with COO Michael Linford selling 184,200 shares for around $14.75 million, marking a 62.64% decrease in his position.
• Analysts have varied opinions on Affirm's stock, with several firms adjusting price targets; UBS raised its target to $85 while JPMorgan increased theirs to $94, indicating a mix of outlooks ranging from "neutral" to "overweight."

Ashford Capital Management Inc. boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 83.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,293 shares of the company's stock after buying an additional 11,493 shares during the period. Ashford Capital Management Inc.'s holdings in Affirm were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AFRM. Durable Capital Partners LP grew its stake in Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after purchasing an additional 2,888,827 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock valued at $205,350,000 after purchasing an additional 2,657,074 shares in the last quarter. Vanguard Group Inc. grew its stake in Affirm by 6.7% in 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 in the last quarter. Foxhaven Asset Management LP purchased a new position in Affirm in the fourth quarter valued at about $80,917,000. Finally, Voloridge Investment Management LLC purchased a new position in Affirm in the fourth quarter valued at about $76,738,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 184,200 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 109,840 shares in the company, valued at approximately $8,797,085.60. This trade represents a 62.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Siphelele Jiyane sold 15,871 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $1,190,325.00. Following the completion of the sale, the chief accounting officer owned 242,192 shares of the company's stock, valued at $18,164,400. This represents a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,128,938 shares of company stock worth $89,217,029. 11.82% of the stock is currently owned by corporate insiders.

Affirm Stock Performance

Shares of NASDAQ AFRM traded up $3.09 during trading hours on Wednesday, hitting $85.31. 9,212,269 shares of the company's stock were exchanged, compared to its average volume of 7,434,443. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.47. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 656.28, a PEG ratio of 3.29 and a beta of 3.64. The company's 50-day moving average price is $72.04 and its 200-day moving average price is $59.25.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $834.94 million. During the same quarter last year, the company earned ($0.14) EPS. The company'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. On average, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of recent research reports. Zacks Research downgraded Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research note on Wednesday, July 2nd. Jefferies Financial Group upped their price target on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Evercore ISI upped their price target on Affirm from $67.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, UBS Group upped their price target on Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.04.

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.