GraniteShares Advisors LLC Buys Shares of 8,007 Affirm Holdings, Inc. $AFRM

Key Points

• GraniteShares Advisors LLC acquired 8,007 shares of Affirm Holdings, Inc. valued at approximately $554,000 during the second quarter.
• Insider transactions included CEO Max R. Levchin selling 651,713 shares for over $58 million, while other insiders sold a total of 1.9 million shares worth approximately $160 million in the last three months.
• Affirm reported earnings of $0.20 per share, exceeding analysts’ expectations, with revenue of $876.42 million, a 32.9% increase compared to the previous year.

GraniteShares Advisors LLC purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,007 shares of the company's stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Affirm by 15.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company's stock valued at $90,000 after purchasing an additional 175 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Affirm by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock valued at $2,219,000 after buying an additional 200 shares during the period. Allworth Financial LP lifted its stake in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Sei Investments Co. lifted its stake in Affirm by 0.6% during the 1st quarter. Sei Investments Co. now owns 41,066 shares of the company's stock worth $1,856,000 after acquiring an additional 226 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Affirm by 2.2% during the 1st 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. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Susquehanna boosted their price target 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. BTIG Research lowered shares of Affirm from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. UBS Group raised their price target 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. Finally, Stephens initiated coverage on Affirm in a report on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.04.

Insider Buying and Selling

In other Affirm news, CEO Max R. Levchin sold 651,713 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katherine Adkins sold 59,267 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.02, for a total value of $4,446,210.34. Following the transaction, the insider directly owned 113,400 shares in the company, valued at approximately $8,507,268. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,922,210 shares of company stock valued at $160,335,374 over the last three months. 11.82% of the stock is currently owned by insiders.

Affirm Price Performance

Shares of AFRM opened at $76.03 on Monday. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 584.89, a PEG ratio of 4.94 and a beta of 3.64. The firm's fifty day simple moving average is $78.55 and its 200-day simple moving average is $62.27. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month 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.

Affirm (NASDAQ:AFRM - Get Free Report) last issued 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. The firm 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 company's revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

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.

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