Faithward Advisors LLC Has $3.28 Million Stake in Affirm Holdings, Inc. $AFRM

Key Points

• Faithward Advisors LLC reduced its stake in Affirm Holdings, Inc. by 4.7% during Q1, now holding 72,482 shares valued at approximately $3.28 million.
• Analysts have mixed sentiments on Affirm; Jefferies raised its price target to $95 and maintained a "buy" rating, while BTIG downgraded the stock to "neutral".
• Affirm's recent earnings report showed a quarterly EPS of $0.20, outperforming estimates, with revenue rising 32.9% year-over-year to $876.42 million.

Faithward Advisors LLC decreased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,482 shares of the company's stock after selling 3,546 shares during the quarter. Faithward Advisors LLC's holdings in Affirm were worth $3,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Ameriprise Financial Inc. increased its holdings in shares of Affirm by 2.6% in the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after purchasing an additional 3,672 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Affirm in the fourth quarter valued at about $240,000. Cetera Investment Advisers boosted its position in shares of Affirm by 5.4% in the fourth quarter. Cetera Investment Advisers now owns 35,801 shares of the company's stock valued at $2,180,000 after acquiring an additional 1,837 shares during the period. CoreCap Advisors LLC boosted its position in shares of Affirm by 11,810.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,191 shares of the company's stock valued at $73,000 after acquiring an additional 1,181 shares during the period. Finally, Deutsche Bank AG lifted its position in Affirm by 2.6% during the fourth quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock worth $1,973,000 after purchasing an additional 817 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AFRM has been the subject of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. BTIG Research downgraded Affirm from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Bank of America increased their target price on shares of Affirm from $90.00 to $94.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Oppenheimer set a $80.00 price objective on Affirm and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.04.

Insider Activity

In other Affirm news, CAO Siphelele Jiyane sold 22,725 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.47, for a total transaction of $2,192,280.75. Following the sale, the chief accounting officer owned 219,467 shares in the company, valued at approximately $21,171,981.49. This represents a 9.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christa S. Quarles sold 15,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the completion of the transaction, the director directly owned 122,241 shares in the company, valued at $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,234,964 shares of company stock worth $98,925,256 in the last quarter. 11.82% of the stock is currently owned by corporate insiders.

Affirm Stock Performance

NASDAQ:AFRM opened at $87.35 on Monday. The stock's 50 day simple moving average is $73.27 and its two-hundred day simple moving average is $59.31. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 671.97, a PEG ratio of 5.69 and a beta of 3.64. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results 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. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The company had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Affirm's revenue for the quarter was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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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