Financiere des Professionnels Fonds d investissement inc. Makes New $799,000 Investment in Affirm Holdings, Inc. $AFRM

Key Points

• Financiere des Professionnels Fonds d'investissement inc. has acquired 11,558 shares of Affirm Holdings, Inc. for approximately $799,000 during the second quarter, according to its Form 13F filing.
• Affirm's stock has received several endorsements from analysts, with price targets raised by firms including Jefferies and Barclays recommending it as a "buy" or "outperform."
• The company reported a 32.9% increase in quarterly revenue year-over-year and beat earnings expectations, posting $0.20 EPS compared to the predicted $0.11.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,558 shares of the company's stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS lifted its holdings in Affirm by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock worth $2,219,000 after purchasing an additional 200 shares during the period. Allworth Financial LP lifted its position in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. Sei Investments Co. raised its position in shares of Affirm by 0.6% during the first quarter. Sei Investments Co. now owns 41,066 shares of the company's stock worth $1,856,000 after purchasing an additional 226 shares during the period. HB Wealth Management LLC raised its holdings in shares of Affirm by 2.2% during the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock valued at $518,000 after acquiring an additional 252 shares during the period. Finally, Amalgamated Bank boosted its stake in Affirm by 2.1% in the 1st quarter. Amalgamated Bank now owns 13,773 shares of the company's stock worth $622,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Stock Performance

Shares of AFRM traded up $2.27 during mid-day trading on Friday, reaching $92.18. The company's stock had a trading volume of 9,488,112 shares, compared to its average volume of 10,458,674. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. 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 stock has a market cap of $30.02 billion, a P/E ratio of 709.13, a PEG ratio of 5.84 and a beta of 3.64. The business has a 50-day simple moving average of $77.10 and a two-hundred day simple moving average of $61.02.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm had revenue of $876.42 million during the quarter, compared to analysts' expectations of $834.94 million. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, insider Katherine Adkins sold 36,878 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $95.00, for a total value of $3,503,410.00. Following the sale, the insider directly owned 113,400 shares of the company's stock, valued at approximately $10,773,000. This represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Siphelele Jiyane sold 12,500 shares of Affirm stock in a transaction dated 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 sale, the chief accounting officer owned 213,967 shares of the company's stock, valued at approximately $18,277,061.14. This trade represents a 5.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,270,497 shares of company stock valued at $102,156,954 in the last three months. 11.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Bank of America boosted their target price on shares of Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Affirm in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $80.04.

Affirm Company 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.