Bayforest Capital Ltd Boosts Position in Affirm Holdings, Inc. $AFRM

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Affirm Holdings, Inc. by 695.8% during the first quarter, owning a total of 29,963 shares valued at approximately $1.35 million.
• Insider trading activity revealed that CAO Siphelele Jiyane and CEO Max R. Levchin sold significant amounts of stock, with Levchin selling 499,223 shares for over $40 million, reflecting a substantial decrease in their positions.
• Analyst ratings for Affirm are generally positive, with multiple firms setting target prices above the current market value; the average price target is $79.04, suggesting potential upsides for investors.

Bayforest Capital Ltd raised its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 695.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,963 shares of the company's stock after acquiring an additional 26,198 shares during the quarter. Affirm makes up 0.6% of Bayforest Capital Ltd's holdings, making the stock its 8th biggest position. Bayforest Capital Ltd's holdings in Affirm were worth $1,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Affirm by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 720,730 shares of the company's stock valued at $32,570,000 after acquiring an additional 56,401 shares during the last quarter. Empowered Funds LLC raised its stake in Affirm by 90.7% in the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company's stock valued at $762,000 after acquiring an additional 8,014 shares during the period. Panoramic Capital LLC bought a new stake in Affirm in the 1st quarter valued at about $685,000. Integrated Wealth Concepts LLC raised its stake in Affirm by 77.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 19,492 shares of the company's stock valued at $881,000 after acquiring an additional 8,534 shares during the period. Finally, Interval Partners LP bought a new stake in Affirm in the 1st quarter valued at about $3,803,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Price Performance

Affirm stock traded up $1.67 during midday trading on Friday, reaching $83.08. 7,046,781 shares of the stock were exchanged, compared to its average volume of 7,476,955. The company's fifty day moving average is $74.61 and its 200-day moving average is $59.91. 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 market cap of $27.06 billion, a PE ratio of 639.13, a PEG ratio of 5.51 and a beta of 3.64. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. Affirm's revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of research reports. 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. Royal Bank Of Canada boosted their price objective on Affirm from $75.00 to $97.00 and gave the company a "sector perform" rating in a research note on Friday, August 29th. Mizuho boosted their price objective on Affirm from $70.00 to $108.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Truist Financial boosted their price objective on Affirm from $72.00 to $95.00 and gave the company a "buy" rating in a research note on Friday. Finally, Citigroup restated an "outperform" rating on shares of Affirm 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 issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.04.

Insider Buying and Selling

In related news, CFO Robert O'hare sold 77,800 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michael Linford sold 184,200 shares of the company'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 transaction of $14,752,578.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,260,497 shares of company stock valued at $101,241,354 in the last 90 days. 11.82% of the stock is owned by company insiders.

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.