Financiere des Professionnels Fonds d investissement inc. Invests $799,000 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. purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,558 shares of the company's stock, valued at approximately $799,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Affirm by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after purchasing an additional 1,457,434 shares during the last quarter. Durable Capital Partners LP grew its position in shares of Affirm by 12.3% during the 1st quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company's stock worth $297,390,000 after buying an additional 722,599 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after buying an additional 2,657,074 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Affirm by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,279,218 shares of the company's stock worth $102,998,000 after buying an additional 7,160 shares during the period. Finally, 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. Institutional investors own 69.29% of the company's stock.

Affirm Stock Performance

Affirm stock traded up $2.27 during midday trading on Friday, reaching $92.18. The stock had a trading volume of 9,488,112 shares, compared to its average volume of 10,458,674. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00. The firm's 50-day moving average price is $77.10 and its 200 day moving average price is $61.04. The firm has a market capitalization of $30.02 billion, a PE ratio of 709.13, a P/E/G ratio of 5.98 and a beta of 3.64. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $876.42 million for the quarter, compared to analysts' expectations of $834.94 million. During the same period in the previous year, the business posted ($0.14) EPS. The firm's quarterly revenue 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, research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

AFRM has been the subject of several recent analyst reports. JMP Securities raised their price objective on shares of Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a research report on Friday, August 29th. Bank of America raised their price objective 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. Wall Street Zen downgraded shares of Affirm from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Jefferies Financial Group lifted their price target on shares of Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Morgan Stanley set a $90.00 price target on shares of Affirm in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Affirm presently has an average rating of "Moderate Buy" and a consensus price target of $80.04.

Insiders Place Their Bets

In other Affirm news, CAO Siphelele Jiyane sold 12,500 shares of Affirm stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the completion of the transaction, the chief accounting officer owned 213,967 shares of the company's stock, valued at $18,277,061.14. The trade was a 5.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Max R. Levchin sold 499,223 shares of Affirm stock in a transaction dated 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 sold a total of 1,270,497 shares of company stock worth $102,156,954 in the last ninety days. 11.82% of the stock is owned by corporate insiders.

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.