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

Key Points

• Bayforest Capital Ltd has significantly reduced its stake in Affirm Holdings, Inc. by 59.1%, selling 17,701 shares and owning 12,262 shares worth approximately $848,000 at the end of the last quarter.
• Recently, several institutional investors have either increased or newly acquired stakes in Affirm, indicating a generally active investment interest in the company.
• Affirm's stock performance is mixed, with analysts maintaining a consensus rating of "Moderate Buy" and a target price of $86.00; however, some analysts have downgraded their ratings amid contrasting growth expectations.

Bayforest Capital Ltd lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 59.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,262 shares of the company's stock after selling 17,701 shares during the quarter. Bayforest Capital Ltd's holdings in Affirm were worth $848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AFRM. Wealth Enhancement Advisory Services LLC purchased a new stake in Affirm in the fourth quarter worth approximately $228,000. GAMMA Investing LLC boosted its stake in shares of Affirm by 10.0% during the 1st quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock worth $208,000 after acquiring an additional 419 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of Affirm by 4.1% during the 1st quarter. Mission Wealth Management LP now owns 20,303 shares of the company's stock worth $917,000 after acquiring an additional 803 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Affirm during the 1st quarter valued at $225,000. Finally, Precision Wealth Strategies LLC bought a new stake in shares of Affirm during the 1st quarter valued at $406,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AFRM shares. Jefferies Financial Group lifted their price target on shares of Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Morgan Stanley set a $90.00 target price on shares of Affirm in a report on Friday, August 29th. Zacks Research cut shares of Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Citigroup reaffirmed an "outperform" rating on shares of Affirm in a research note on Friday, August 29th. Finally, Rothschild Redb raised shares of Affirm from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Affirm Price Performance

Shares of AFRM opened at $73.18 on Tuesday. 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 stock has a market capitalization of $23.83 billion, a PE ratio of 562.97, a PEG ratio of 4.71 and a beta of 3.58. The company has a 50 day moving average price of $80.20 and a 200-day moving average price of $64.32. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last posted 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 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 previous year, the business posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, COO Michael Linford sold 184,200 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 transaction of $14,752,578.00. Following the transaction, the chief operating officer owned 109,840 shares in the company, valued at approximately $8,797,085.60. This represents a 62.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Siphelele Jiyane sold 25,533 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the transaction, the chief accounting officer owned 226,467 shares in the company, valued at $20,542,821.57. The trade was a 10.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,844,552 shares of company stock worth $154,885,240 in the last three months. 11.82% of the stock is owned by company insiders.

Affirm 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.

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