Affirm Holdings, Inc. $AFRM Stock Position Raised by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its position in Affirm Holdings by 77.9% in Q1 2023, owning a total of 19,492 shares valued at approximately $881,000.
• Insider transactions included Affirm's Director selling 15,000 shares for $1.39 million and the CAO selling over 25,500 shares, indicating a decrease in insider ownership but significant stock liquidity.
• Affirm reported a 32.9% increase in quarterly revenue year-over-year and earnings per share of $0.20, exceeding analysts' expectations.

Integrated Wealth Concepts LLC boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 77.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,492 shares of the company's stock after purchasing an additional 8,534 shares during the period. Integrated Wealth Concepts LLC's holdings in Affirm were worth $881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Affirm by 2,800.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after purchasing an additional 44,495 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Affirm by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock worth $8,887,000 after buying an additional 3,672 shares during the last quarter. Spire Wealth Management bought a new position in Affirm during the 1st quarter worth approximately $120,000. Deutsche Bank AG lifted its holdings in Affirm by 2.6% during the 4th quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock worth $1,973,000 after buying an additional 817 shares during the last quarter. Finally, BIT Capital GmbH bought a new position in Affirm during the 1st quarter worth approximately $26,060,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Insider Transactions at Affirm

In related news, CAO Siphelele Jiyane sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the sale, the chief accounting officer directly owned 213,967 shares in the company, valued at $18,277,061.14. This trade represents a 5.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Max R. Levchin sold 499,223 shares of Affirm stock in a transaction on 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 1,270,497 shares of company stock worth $102,156,954 over the last quarter. Insiders own 11.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AFRM shares. Deutsche Bank Aktiengesellschaft started coverage on Affirm in a report on Thursday, July 17th. They set a "buy" rating and a $78.00 target price on the stock. Jefferies Financial Group increased their target price on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Rothschild & Co Redburn started coverage on Affirm in a report on Friday, August 1st. They set a "neutral" rating and a $74.00 target price on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Affirm in a report on Tuesday. Finally, Susquehanna increased their target price on Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.04.

Affirm Stock Performance

AFRM traded up $0.80 during trading hours on Tuesday, hitting $90.23. The company's stock had a trading volume of 3,905,790 shares, compared to its average volume of 7,470,849. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week 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. The firm has a market capitalization of $29.38 billion, a PE ratio of 690.78, a PEG ratio of 5.39 and a beta of 3.64. The company has a 50-day simple moving average of $75.25 and a 200 day simple moving average of $60.17.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The firm had revenue of $876.42 million for the quarter, compared to analysts' expectations of $834.94 million. During the same period last year, the firm earned ($0.14) EPS. The firm's 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, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Affirm 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.