Hiddenite Capital Partners LP Buys New Position in Affirm Holdings, Inc. $AFRM

Key Points

• Hiddenite Capital Partners LP has acquired 101,600 shares of Affirm Holdings, valued at approximately $4.59 million, making it the firm's 21st largest position.
• Affirm's stock price increased by 10.6%, with the shares currently trading at $88.46 and a market capitalization of $28.54 billion.
• The company reported earnings of $0.20 per share for the last quarter, surpassing analysts' expectations of $0.11, and showed a 32.9% increase in revenue compared to the same period last year.

Hiddenite Capital Partners LP purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 101,600 shares of the company's stock, valued at approximately $4,591,000. Affirm accounts for about 1.6% of Hiddenite Capital Partners LP's investment portfolio, making the stock its 21st largest position.

A number of other large investors have also recently made changes to their positions in the business. MetLife Investment Management LLC boosted its holdings in Affirm by 12.3% in the fourth quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock worth $277,000 after acquiring an additional 499 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Affirm in the fourth quarter worth $667,000. Coldstream Capital Management Inc. bought a new stake in Affirm in the fourth quarter worth $258,000. Utah Retirement Systems boosted its holdings in Affirm by 12.9% in the fourth quarter. Utah Retirement Systems now owns 14,000 shares of the company's stock worth $853,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Affirm in the fourth quarter worth $28,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Price Performance

AFRM traded up $4.87 on Thursday, hitting $90.18. 7,603,652 shares of the company's stock traded hands, compared to its average volume of 7,434,256. The company's 50 day simple moving average is $72.43 and its 200-day simple moving average is $59.43. The firm has a market cap of $29.09 billion, a price-to-earnings ratio of 692.52, a P/E/G ratio of 3.29 and a beta of 3.64. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The company has a current ratio of 11.54, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55.

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

Analysts Set New Price Targets

A number of analysts recently commented on AFRM shares. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Barclays upped their price objective on Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Oppenheimer set a $80.00 price objective on Affirm and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, UBS Group raised their price objective on Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.04.

Insider Activity at Affirm

In related news, CEO Max R. Levchin sold 499,223 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O'hare sold 77,800 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The disclosure for this sale can be found here. Insiders have sold 1,234,964 shares of company stock worth $98,925,256 over the last quarter. 11.82% of the stock is owned by 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.