Cadent Capital Advisors LLC Takes Position in Affirm Holdings, Inc. $AFRM

Key Points

• Cadent Capital Advisors LLC acquired a new stake in Affirm Holdings, Inc. during the second quarter, purchasing 18,935 shares valued at approximately $1.3 million.
• A significant percentage of 69.29% of Affirm's stock is owned by institutional investors, indicating strong institutional support for the company.
• Affirm recently reported earnings that exceeded expectations, with a revenue increase of 32.9% year-over-year, leading to a positive outlook for future growth.

Cadent Capital Advisors LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,935 shares of the company's stock, valued at approximately $1,309,000.

A number of other institutional investors also recently modified their holdings of AFRM. Public Employees Retirement System of Ohio lifted its holdings in shares of Affirm by 5.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 89,047 shares of the company's stock valued at $5,423,000 after purchasing an additional 4,964 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Affirm in the fourth quarter valued at about $228,000. California State Teachers Retirement System lifted its holdings in shares of Affirm by 1.0% in the fourth quarter. California State Teachers Retirement System now owns 226,593 shares of the company's stock valued at $13,800,000 after purchasing an additional 2,286 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Affirm by 19.6% in the first quarter. Versant Capital Management Inc now owns 4,074 shares of the company's stock valued at $184,000 after purchasing an additional 669 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Affirm by 4,872.3% in the first quarter. GAMMA Investing LLC now owns 207,693 shares of the company's stock valued at $9,386,000 after purchasing an additional 203,516 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Transactions at Affirm

In other news, CFO Robert O'hare sold 31,423 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total value of $2,617,535.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Siphelele Jiyane sold 12,500 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the transaction, the chief accounting officer directly owned 213,967 shares in the company, valued at $18,277,061.14. The trade was a 5.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,922,210 shares of company stock valued at $160,335,374. Company insiders own 11.82% of the company's stock.

Affirm Price Performance

NASDAQ:AFRM opened at $77.94 on Friday. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The stock's 50 day moving average price is $78.41 and its two-hundred day moving average price is $61.87. The firm has a market capitalization of $25.38 billion, a price-to-earnings ratio of 599.58, a P/E/G ratio of 5.29 and a beta of 3.64. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The business's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research lowered Affirm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Bank of America upped their target price on Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Oppenheimer set a $80.00 target price on Affirm and gave the stock an "outperform" rating in a report on Monday, July 21st. Stephens initiated coverage on Affirm in a report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 target price on the stock. Finally, UBS Group upped their target price on Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a report 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.04.

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.

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