Chicago Partners Investment Group LLC Sells 3,696 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Chicago Partners Investment Group LLC reduced its stake in Affirm Holdings, Inc. by 23.7% during the second quarter, selling 3,696 shares and retaining 11,913 shares valued at approximately $782,000.
• Other large investors, such as Price T Rowe Associates, Vanguard Group, and Lord Abbett & CO, significantly increased their positions in Affirm, indicating growing institutional interest in the company.
• Affirm reported earnings of $0.20 EPS, surpassing analyst expectations of $0.11 EPS, with a year-over-year revenue increase of 32.9%.

Chicago Partners Investment Group LLC lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,913 shares of the company's stock after selling 3,696 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Affirm were worth $782,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position 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 worth $205,350,000 after purchasing an additional 2,657,074 shares during the period. Vanguard Group Inc. boosted its stake in shares of Affirm by 6.7% in the 1st 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 during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Affirm by 1,137.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock worth $57,964,000 after buying an additional 1,179,016 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Affirm during the first quarter worth approximately $45,133,000. Finally, Durable Capital Partners LP lifted its holdings in Affirm by 12.3% in the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company's stock valued at $297,390,000 after buying an additional 722,599 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Analyst Ratings Changes

AFRM has been the topic of a number of recent research reports. Zacks Research cut shares of Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group reduced their price target on Affirm from $105.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Jefferies Financial Group lifted their price objective on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. BTIG Research lowered Affirm from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Redburn Partners set a $101.00 target price on Affirm in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and an average price target of $87.00.

Affirm Stock Performance

Shares of Affirm stock opened at $74.49 on Wednesday. The stock's fifty day simple moving average is $79.72 and its 200 day simple moving average is $65.38. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $24.26 billion, a PE ratio of 573.04, a PEG ratio of 4.64 and a beta of 3.58. 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 posted its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $876.42 million during the quarter, compared to analysts' expectations of $834.94 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. The company's 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, research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insiders Place Their Bets

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

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