Counterpoint Mutual Funds LLC Buys New Position in Affirm Holdings, Inc. $AFRM

Key Points

• Counterpoint Mutual Funds LLC acquired 5,678 shares of Affirm Holdings, Inc. for approximately $393,000 during the second quarter, contributing to an overall institutional ownership of 69.29% of the company's stock.
• Insider transactions included CFO Robert O'hare selling 31,423 shares for approximately $2.6 million and CEO Max R. Levchin selling 499,223 shares valued at over $40 million.
• Affirm's quarterly earnings report revealed $0.20 earnings per share, surpassing estimates, and a revenue increase of 32.9% compared to the same quarter last year.

Counterpoint Mutual Funds LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,678 shares of the company's stock, valued at approximately $393,000.

A number of other hedge funds have also bought and sold shares of AFRM. Allworth Financial LP lifted its holdings in Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after buying an additional 219 shares during the period. UMB Bank n.a. lifted its stake in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company's stock valued at $39,000 after purchasing an additional 264 shares during the period. SVB Wealth LLC acquired a new position in shares of Affirm in the 1st quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Affirm by 3,637.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock valued at $62,000 after purchasing an additional 1,346 shares in the last quarter. Finally, First Horizon Advisors Inc. acquired a new stake in Affirm during the first quarter worth approximately $69,000. Institutional investors own 69.29% of the company's stock.

Insider Buying and Selling

In other Affirm news, CFO Robert O'hare sold 31,423 shares of the business's stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Max R. Levchin sold 499,223 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $80.17, for a total value of $40,022,707.91. The disclosure for this sale can be found here. Insiders have sold a total of 1,270,497 shares of company stock worth $102,156,954 in the last three months. Insiders own 11.82% of the company's stock.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Affirm in a report on Thursday, July 17th. They set a "buy" rating and a $78.00 price target on the stock. Susquehanna increased their target price on shares of Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Truist Financial lifted their price target on shares of Affirm from $72.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Zacks Research lowered shares of Affirm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen downgraded Affirm from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.04.

Affirm Trading Down 8.2%

NASDAQ AFRM opened at $82.73 on Wednesday. The business's fifty day moving average is $77.95 and its 200-day moving average is $61.51. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The stock has a market capitalization of $26.94 billion, a price-to-earnings ratio of 636.43, a PEG ratio of 5.85 and a beta of 3.64. Affirm Holdings, Inc. has a one year low of $30.90 and a one year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm's quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

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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