Graham Capital Management L.P. Makes New $1.09 Million Investment in Affirm Holdings, Inc. $AFRM

Key Points

• Graham Capital Management L.P. made a new investment in Affirm Holdings, Inc., acquiring 24,190 shares valued at approximately $1.09 million.
• Affirm reported an earnings per share of $0.20 for the most recent quarter, exceeding the consensus estimate of $0.11, and its quarterly revenue rose by 32.9% year-over-year to $876.42 million.
• Insiders have sold over 1.23 million shares valued at nearly $99 million within the last three months, indicating significant insider activity during this period.

Graham Capital Management L.P. bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,190 shares of the company's stock, valued at approximately $1,093,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of 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 in the last quarter. SVB Wealth LLC bought a new position in Affirm during the first quarter worth $47,000. CoreCap Advisors LLC grew its position in shares of Affirm by 11,810.0% during the 4th 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. Thurston Springer Miller Herd & Titak Inc. raised its position in Affirm by 3,637.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock worth $62,000 after purchasing an additional 1,346 shares during the period. Finally, First Horizon Advisors Inc. purchased a new position in Affirm during the 1st quarter valued at about $69,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Stock Down 0.9%

Shares of NASDAQ:AFRM traded down $0.78 during trading on Monday, hitting $86.57. 4,881,322 shares of the company were exchanged, compared to its average volume of 7,468,617. The stock has a market capitalization of $28.19 billion, a P/E ratio of 666.88, a PEG ratio of 5.69 and a beta of 3.64. 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 $73.27 and its 200-day moving average price is $59.31. 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 (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating 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 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 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In related news, CFO Robert O'hare sold 31,423 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Siphelele Jiyane sold 22,725 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.47, for a total transaction of $2,192,280.75. Following the completion of the sale, the chief accounting officer owned 219,467 shares of the company's stock, valued at approximately $21,171,981.49. The trade was a 9.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,234,964 shares of company stock valued at $98,925,256 in the last ninety days. 11.82% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a report on Friday, August 29th. The Goldman Sachs Group boosted their price target on Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a report on Monday, May 12th. Morgan Stanley set a $90.00 price objective on Affirm in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Affirm in a report on Thursday, July 17th. They set a "buy" rating and a $78.00 target price on the stock. Finally, UBS Group increased their target price on Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Affirm currently has an average rating of "Moderate Buy" and an average price target of $79.04.

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.