HB Wealth Management LLC Reduces Stock Position in Affirm Holdings, Inc. $AFRM

Key Points

• HB Wealth Management LLC has reduced its stake in Affirm Holdings, Inc. by 44.9% in the second quarter, now holding 6,315 shares valued at approximately $437,000.
• Recent analyst reports show a positive outlook on Affirm, with price targets being raised by firms like Jefferies and JMP Securities, indicating a strong belief in the company's future performance.
• Insider selling has been substantial, with CFO Robert O'hare and CEO Max R. Levchin selling over $60 million worth of shares in recent transactions.

HB Wealth Management LLC trimmed its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 44.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,315 shares of the company's stock after selling 5,156 shares during the quarter. HB Wealth Management LLC's holdings in Affirm were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $90,000 after buying an additional 175 shares during the period. KLP Kapitalforvaltning AS boosted 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 acquiring an additional 200 shares during the last quarter. Allworth Financial LP increased its stake in shares of Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after acquiring an additional 219 shares during the period. Sei Investments Co. raised its holdings 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 last quarter. Finally, UMB Bank n.a. lifted its position in Affirm by 86.6% during the second quarter. UMB Bank n.a. now owns 569 shares of the company's stock valued at $39,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Analysts Set New Price Targets

AFRM has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. JMP Securities upped their target price on Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a research note on Friday, August 29th. Oppenheimer set a $80.00 price target on Affirm and gave the company an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Affirm in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Affirm has an average rating of "Moderate Buy" and a consensus price target of $80.04.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O'hare sold 31,423 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total value of $2,617,535.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Max R. Levchin sold 651,713 shares of Affirm stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,844,552 shares of company stock valued at $154,885,240. Insiders own 11.82% of the company's stock.

Affirm Stock Down 3.4%

Shares of AFRM opened at $74.83 on Monday. The stock has a market capitalization of $24.37 billion, a PE ratio of 575.66, a P/E/G ratio of 4.86 and a beta of 3.58. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The company's 50-day simple moving average is $79.46 and its 200-day simple moving average is $63.24.

Affirm (NASDAQ:AFRM - Get Free Report) last announced 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. The firm had revenue of $876.42 million during the quarter, compared to analysts' expectations of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The business's quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share 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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